CarDekho raises $70 million
CarDekho , the popular Indian auto portal helping users buy and sell new and used cars and obtain insurance, has raised $70 million in a Series D round led by Ping An Global Voyager Fund, with participation from Sequoia Capital and Hillhouse Capital.
Founded in 2008, CarDekho Group is the entity behind various Indian auto sites such as CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, and PowerDrift.com, among others. In 2017, the company entered the auto insurance space and in June 2019, it launched InsuranceDekho.com, an online insurance portal that offers motor and health policies.
The company plans to use the funds to further strengthen its transaction businesses and expand its international footprint.
“With the latest fundraise, we will continue to strengthen our domestic and international businesses and will aggressively work towards becoming the largest personal mobility ecosystem in the country.” – CarDekho CEO and cofounder Amit Jain.
