CarDekho raises $70 million to expand operations
Sequoia India is one of the early investors in CarDekho, having led the Series A round in 2013. With this new round of funding, CarDekho has now raised more than $250 million.
CarDekho raises $70 million in new funding round led by Ping An Global Voyager Fund
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CarDekho looks at doubling revenue in FY20 to Rs 520 crore
The company will deploy the resources to expand its used car transaction services business and launch operations in two new markets in Southeast Asia in the course of the ongoing financial year.
CarDekho’s revenue increases by 62% to Rs 260 crore
Girnar Sofware, which runs CarDekho, said that revenues earned from its used-car business and affiliate services such as insurance and financing achieved a 140% year-on-year growth.
CarDekho’s parent lands $110m from Sequoia, others
New round values firm between $400 m & $500 m, Axis Bank in investor list.
CarDekho raises $110 million to expand used car business
With this latest round of funding, the company has so far raised a total of $185 million.
CarDekho raises $100 million in latest investment round
The funding round led by Sequoia Capital’s global growth fund as well as existing investor Hillhouse Capital, values the Gurgaon-based firm at $400-$500 million.
Skin in the game: Beauty tech firms drive market makeover
Some major companies have sensed an opportunity and invested in beauty tech. Marico has picked up stake in Nykaa, while Colgate-Palmolive has invested in Bombay Shaving Company, Emami in The Man Company and Unilever in Plum.
Asian private equity manager Pacific Alliance Group to enter India
PAG, which manages assets amounting to well over $20 billion, is set to name Nikhil Srivastava from KKR as the head of private equity operations in India.
CarDekho sees revenues grow 40% in FY18 even as losses fall by almost 50%
The Gurgaon-based firm has seen the segment add significant heft to its balance sheet with FY18 revenues growing about 40% to come in at Rs 160 crore from Rs 114 last year.
Used car marketplace Truebil raises Rs 100 crore in equity and debt financing
This is also second major transaction in the country’s broader online used car listings sector, with Jaipur-based CarDekho announcing a $110 million funding round earlier this month.
CarDekho parent buys content firm PowerDrift
Founded in 2012 by Rohan Albal and Amit Shetty, PowerDrift claims to have over 240 million lifetime views on its YouTube channel with an average of 2 lakh views per video.
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