Mehul Agrawal, cofounder of Cars24, has announced his decision to step back from his operational role after more than 4,000 days of dedication to the company. In a LinkedIn post, he expressed that this transition marks a significant milestone in his journey, which he began in 2015 alongside CEO Vikram Chopra and other cofounders. Cars24 has evolved into a technology-driven marketplace for used vehicles, boasting a valuation of over $3 billion and aspirations to grow to $100 billion. Although Agrawal will no longer be involved in daily operations, he will continue to influence the company as a Board member. This leadership change follows the recent resignation of cofounder Gajendra Jangid from his position as chief marketing officer. Cars24 has reported an adjusted net revenue of ₹651 crore (approximately $78 million USD) for the first half of FY26, reflecting an 18% increase compared to the previous year, and expects revenue to exceed ₹750 crore in the second half. The company is also preparing for an initial public offering (IPO) as it continues to expand its operations in India, the UAE, and Australia.