Business
Coronavirus: Second-hand car website becomes latest ‘unicorn’ – BBC News
India’s Cars24’s value rises above US$1bn as people look for alternatives to public transport.
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image captionSome Indian commuters are searching for alternatives to public transport over Covid-19 concerns
A second-hand car website has seen its value rocket to more than $1bn (£750m), putting it into unicorn status.
India’s Cars24 has seen a big rise in business during the pandemic as people look to alternatives to public transport such as pre-owned cars.
India’s popular but unreliable rail networks were shut off completely when the country went into lock-down.
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