NEW DELHI: Cars24 has appointed Kunal Mundra as CEO of its cars vertical called Cars India. Mundra will be responsible for the company's car business in India, while closely working with the co-founders to devise expansion strategy.

“In this hyper growth stage, it has become imperative for us to invest in building strong leadership teams and Kunal’s experience across various sectors will go a long way in strengthening Cars24’s four-wheeler vertical- by playing on our existing strengths and at the same time keeping the brand agile for the next leap,” Cars24 India co-founder and CEO Vikram Chopra said.

"We are confident that Kunal’s obsession with cars, bikes and engines will further help us strengthen our foothold in this highly fragmented pre-owned car market in India, which showcases an immense potential to grow," he said.

Mundra added, “I’m really looking forward to my ride with the Cars24 team. They have done an incredible job building a trusted consumer brand, a uniquely scalable business model and a strong competitive position in just a few years. The potential for growth in the global used car space is however vast and I look forward to helping the company drive this momentum forward.”

An IIM-B Alumnus, Mundra is a seasoned professional with over 16 years of experience across different industries. His passion for being a business builder took him to Ceat to build a new specialty tires business. He was the CEO and founder of Ceat Specialty Tyres for five years, and a member of ExCom for CEAT Tyres. In his recent past, he was an executive vice president at Bain Capital Private Equity, where as an operating partner he helped their portfolio companies navigate several formidable challenges.