India, April 29 -- Used car marketplace Cars24 cofounder and chief marketing officer (CMO) Gajendra Jangid has resigned from executive role to an advisory position with the firm.

In a social media post on LinkedIn, cofounder and CEO Vikram Chopra said, "After eleven years of building Cars24 together, Jangid is stepping back from his executive role. He will stay active on the things he built from scratch, and will continue to advise where needed."

Jangid cofounded Cars24 along with Chopra, Mehul Agrawal and Ruchit Agarwal in 2015 as a marketplace for automobiles for buying and selling pre-owned cars.

He has been heading the marketing division as CMO since inception. Prior to cofounding the startup, he worked with Schlumberger under vari...