The automotive e-commerce and services portal was reportedly valued at $700m in a series D round led by Ping An Global Voyager Fund's first Indian deal.
Insurance group Ping An’s Global Voyager Fund made its first investment in India today, leading a $70m series D round for online automotive marketplace CarDekho.
Sequoia Capital and Hillhouse Capital also contributed to the round, which valued CarDekho at $700m post-money, a person familiar with the matter told LiveMint.
Founded in 2008, CarDekho operates an online marketplace where customers can purchase, review and compare cars. It also runs an auction platform for second-hand vehicles and an insurance arm in addition to…
