CarDekho Closes $110M Series C Funding
Summary
India-based auto portal CarDekho.com closed its $110m Series C funding round.$400-450m, was led by Sequoia Capital’s global growth fund and European hedge fund Aquila Capital, with participation from Axis Bank, Hillhouse Capital, RNT Associates, CapitalG and others.The company intends to use the capital to grow its new business verticals which include insurance and financing for the used car segment.Its website and app features automotive content such as expert reviews, detailed specs and prices, comparisons as well as videos and pictures of all car brands and models available in India.The company has tie-ups with many auto manufacturers, more than 4000 car dealers and numerous financial institutions to facilitate the purchase of vehicles.
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CarDekho
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