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The latest unicorn startup in India is a used car website

One of the main beneficiaries was Cars24 Services Pvt, an online car based in Gurgaon, India. Investment firm DST Global, led by Russian-born billionaire Yuri Milner, invested $ 200 million in the deal. In India, there is no system for determining the fair value of used cars, such as the Kelley Blue Book, which makes the process more complex and opaque. DST Global is based in Hong Kong and has over the years supported a diverse list of companies, including Facebook Inc. and WhatsApp in the United States and Alibaba Group Holding Ltd. In China.

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