Three months after raising an initial $75m in series C funding, CarDekho has closed the CapitalG-backed round at $110m.
India-based online automotive marketplace CarDekho closed a $110m series C round backed by CapitalG, the growth-stage investment arm of internet technology conglomerate Alphabet today.
Venture capital firm Sequoia Capital and hedge fund Aquila Capital co-led the round, which included financial services firm Axis Bank, investment firm Hillhouse Capital and family office RNT Associates.
The deal valued CarDekho at $400m to $500m, the company said, in line with the $400m to $450m sources had earlier given to VCCircle, adding that it has…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
