Cars24 founder Vikram Chopra is investing $20 million in AI to boost productivity and fuel global growth. After reporting its first adjusted EBIT-positive quarter in Q4 FY26, the company is now focusing on long-term expansion. Chopra said, "We want to achieve a decade's worth of growth in one year."
Cars24 is reshaping its business around AI as founder Vikram Chopra seeks to simplify operations, boost productivity and expand globally. The company’s $20 million investment in AI comes after it reported its first adjusted EBIT-positive quarter in Q4 FY26, with Chopra prioritising long-term growth over a fixed IPO timeline.
Cars24 Founder and CEO Vikram Chopra is betting on artificial intelligence to accelerate growth, overhaul the company's organisational structure and drive its next phase of global expansion. Speaking to CNBC-TV18's Shereen Bhan on Young Turks Reloaded, Chopra outlined his ambition to achieve a decade's worth of growth in just one year, even as the company prepares for a potential IPO.