Another Cars24 founder exit: Mehul Agrawal steps back

 In a significant leadership reshuffle ahead of its anticipated public listing, Cars24 co-founder Mehul Agrawal has stepped away from his operating role at the company. His exit marks the second such move within a week, following co-founder Gajendra Jangid’s decision to step down from executive responsibilities while continuing to contribute to strategic initiatives.

The back-to-back transitions at the founder level come at a crucial time as the SoftBank-backed used-car marketplace gears up for its IPO, indicating a possible restructuring of leadership in preparation for the next phase of growth.

Founded in 2015 by Vikram Chopra, Mehul Agrawal, Ruchit Agarwal and Gajendra Jangid, Cars24 has emerged as one of India’s largest digital platforms for buying and selling used cars. The company has also expanded its footprint internationally, with operations in markets such as the UAE and Australia.