India’s used-car market Cars24, co-founder and COO Mehul Agrawal has introduced that he’s stepping again from his working function after almost a decade of energetic management.

Sharing the information in a heartfelt LinkedIn post, Agrawal described the transfer as each emotional and well timed.

“4000 relentless days of blood, sweat and coronary heart! And in the present day I’m stepping again from my working function at Cars24,” he wrote.

Agrawal recalled the common-or-garden beginnings of the corporate, explaining that the founding crew began with restricted assets and modest ambitions.

“After we began Cars24, we didn’t have a loopy ambition. Even $1 billion was a wild dream. We have been understanding of a petroleum pump… 4 folks with conviction and nothing else,” he mentioned.

Over the previous 11 years, the corporate has grown right into a multi-billion-dollar enterprise working throughout a number of geographies. In accordance with Agrawal, Cars24 is now valued at over $3 billion and is aiming for a a lot bigger world footprint.

He added, “Eleven years later right here we’re… a real shot at constructing one thing value $100 billion. None of us noticed that coming.”

Explaining the journey, Agrawal highlighted that the corporate’s development was not linear. He talked about a number of “0 to 1 journeys,” referring to constructing new enterprise strains from scratch, together with a number of failures and surprising wins.

“Extra failures than I can depend. Extra wins than I ever anticipated,” he shared, whereas additionally noting that taking Cars24 world was some of the thrilling and academic phases of his profession.

Agrawal additionally spoke concerning the private sacrifices concerned in constructing the corporate. He credited his spouse for her assist through the demanding years.

“Such a journey additionally means sacrifices… Sweety, my spouse, gave up a lot quietly so I might present up totally for this,” he wrote, including that buyer satisfaction made these sacrifices worthwhile.

Whereas stepping away from day-to-day operations, Agrawal will proceed to be related to the corporate as a board member. He expressed confidence within the present management, particularly co-founder and CEO Vikram Chopra.

“Vikram is the captain driving us there… I’ll wager my life on him getting us there,” he mentioned, praising Chopra not simply as a enterprise associate but additionally as a mentor and buddy.

Agrawal additionally identified that the timing of his exit aligns with a powerful section for the corporate. Cars24 just lately reported its first globally worthwhile quarter, which he described as an “inflection level.”

“Cars24 is my first child… I’ve given my blood, sweat and coronary heart to this over eleven years,” he wrote. “The function will evolve, however the love is without end.”

Financially, the corporate has reported blended efficiency. Group net revenue rose 18% to Rs 651 crore in the first half of FY26, whereas adjusted EBITDA burn fell by 36%. Nevertheless, its India enterprise recorded a decline in gross revenue to Rs 6,233 crore in FY25, with losses widening by 9% to Rs 543 crore.