Coronavirus: Second-hand website becomes latest unicorn start-up

Publishedduration45 minutes agoshareSharenocloseShare pagelinkCopy linkAbout sharingimage copyrightGetty Imagesimage 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.

A unicorn refers to a start-up that is valued at more than $1bn, and includes big names such as Uber and Airbnb.

  • The man who made flying affordable to millions of Indians
  • Delhi's Covid cases rise amid winter and pollution
  • British-bred Royal Enfield speeding ahead in Asia

Covid-19 infections in India have now surpassed 9 million and further lockdowns are being considered.

While trains and buses in India's big cities have resumed services, many commuters are avoiding public transport over fears they could catch the virus while commuting.

You may also like...