From Cars To Commerce: Cars24 Co-Founder Steps Down As Goyal Dismisses AI Threat

The Indian startup ecosystem witnessed two major updates this week: Cars24’s co-founder exit and Eternal’s strong Q4 performance. Both highlight how leadership changes and technology debates are shaping the future of India’s digital-first businesses.

Cars24 Leadership Change

Gajendra Jangid, who co-founded Cars24 in 2015, has stepped down from his executive role. Cars24 has grown into one of India’s largest used-car marketplaces, backed by global investors. His departure signals a new phase for the company as it continues to expand internationally and strengthen its digital auto ecosystem.

Eternal’s AI Outlook

Deepinder Goyal addressed concerns about AI assistants disrupting vertical apps like Zomato and Blinkit. He argued that habitual, high-frequency consumer behavior—like ordering food or groceries—cannot be easily replaced by general-purpose AI chat interfaces. Eternal posted a 71% profit jump in Q4 FY26, reinforcing confidence in its business model.

Consumer Behavior And Strategy

Goyal emphasized that brand recall remains Eternal’s moat: “When someone is hungry, they think Zomato; when they need groceries quickly, they think Blinkit.” Eternal continues to integrate AI internally for logistics and demand prediction, but sees no external threat to its core businesses.

Key Highlights

•⁠  ⁠Cars24 co-founder Gajendra Jangid steps down from leadership role

•⁠  ⁠Cars24 continues global expansion in used-car marketplace sector

•⁠  ⁠Eternal Q4 FY26 profit rose 71% YoY to ₹174 crore

•⁠  ⁠Deepinder Goyal dismisses AI chatbot threat to Zomato and Blinkit

•⁠  ⁠Consumer habits and brand recall seen as Eternal’s strongest defense

Sources: Moneycontrol, Economic Times, Business Standard, YourStory