India’s leading Automobile Portal Cardekho Raises $110 Million Series C Funding
CarDekho, the flagship portal of GirnarSoft, on Thursday said it has raised USD 110 million (over Rs 770 crore) from various investors which it plans to utilise to expand its various business verticals.
The company has raised the capital in a Series C funding with investments from Sequoia India, Hillhouse, CapitalG (Alphabet growth investment arm) and Axis Bank.
“We plan to infuse the raised capital in used car business, insurance and finance verticals. These segments have huge potential to scale up and we are completely focused on getting them to a massive scale,” CarDekho CEO and co-founder Amit Jain told PIXR8 News.
With this latest round of funding, the company has so far raised a total of USD 185 million, he added.
CarDekho works directly with more than eight c...