← Latest news 
Cars24 cofounder Mehul Agarwal quits operating role as IPO countdown nears
Startups
Published on 30 April 2026
He stays on the board after 11 years as COO
Cars24 is seeing another high-level exit as cofounder and COO Mehul Agarwal steps back from his operating role after 11 years, while continuing on the board. The move follows other senior departures and comes as the IPO process reportedly accelerates. Cars24 says it has already notched its first globally profitable quarter and is positioning itself for a full-stack vehicle ownership platform.
- Mehul Agarwal steps down from his operating role at Cars24
- He will continue as a board member, not leaving the firm entirely
- Exits pile up ahead of Cars24’s expected IPO window
- Cars24 touts profitability momentum and an acquisition-driven expansion
Read the full story at Inc42
This summarization was done by Beige for a story published on 
Inc42