Cars24 has Reportedly Shuts Down its Multiple Outlets in Delhi

LifeStyle News

Gurugram based online used car marketplace Cars24 has reportedly shut down its multiple stores in Delhi, saying it is in the process of addressing anomalies.

On Saturday Cars24 said it was in the process of addressing anomalies observed with a few properties after the media reported on Friday that half-a-dozen landlords in Delhi sent legal notices to the Sequoia-funded platform for allegedly not paying rents for months and shutting down outlets in violation of lease agreements.

They alleged that Cars24 ended leases before the lock-in period was over.

Gajendra Jangid the Co-founder and Chief Marketing Officer of CARS24 told IANS: “We conduct periodic internal audit of all properties for compliance and are currently in the process of addressing anomalies observed with a few properties in our recent audit.”

“As a company, we are rapidly growing and expanding our operations immensely across India and our services can be availed in more than 35 cities at over 150 branches,” Jangid added.

“We are planning to be present in 70 cities with 230 branches by 2019,” Jangid said, adding that the platform has secured trust of over 10,000 channel partners from more 230 cities who are registered on its platform.

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