CarDekho gears up for Tencent-backed series C

Sep 6, 2017 • Thierry Heles

CarDekho, an India-based online automotive marketplace backed by diversified conglomerate Alphabet, is looking to raise $30m to $40m in a series C round led by internet company Tencent, the Economic Times reported today.

The company is also talking to China-based investors and US-based venture capital funds to back the round. CarDekho has confirmed it is currently in discussions with potential backers, though it did not offer additional details.

Founded in 2008, CarDekho is a subsidiary of e-commerce company Girnar Software…

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