The funding will mark a continuing run of success for Bengaluru-based family office that has helped portfolio companies successfully raise follow-on funding.
On Monday and Tuesday, Creador, founded by former ChrysCapital managing director Brahmal Vasudevan, bought 44.79 lakh shares at Rs 244 apiece.
On Monday and Tuesday, Creador, founded by former ChrysCapital managing director Brahmal Vasudevan, bought 44.79 lakh shares at Rs 244 a piece, data from National Stock Exchange shows.
Led by partner Lee Fixel, the New York-based firm has picked up stakes in some eight Indian startups in recent weeks as it prepares to set up its first-ever office.
The VC firm, which has invested also in Snapdeal and TaxiForSure, could deploy over 1,250 crore or $200 million in India, as it continues to scout for technology startups.
Incubated at Kochi's Startup Village in 2011, the Bengaluru-based startup was founded by former Wipro and Cognizant consultant Shiju Radhakrishnan.
Jasper Infotech, the owner of Snapdeal, is seeking a valuation of $5 billion and has initiated talks with several investors, both financial and strategic.
Payment banks have attracted a prominent set of investors from industrialists like Future Group's Kishore Biyani and Sun Pharma’s Dilip Shanghvi.
The move underlines the increasing appetite among well-funded internet companies to make tuck-in acquisitions as they expand to new markets.
The news of CarTrade's latest funding comes a day after Ratan Tata, invested an undisclosed amount in GirnarSoft, which owns CarDekho.com.
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