Dentsu and Times Internet have reportedly both invested in a $75m round for the automotive e-commerce marketplace that could eventually reach $170m.
India-based online automotive e-commerce platform CarDekho has secured $75m in funding from investors including digital marketing firm Dentsu and media group Bennett, Coleman & Co (BCC), Entrackr has reported.
Financial services firm HDFC Bank, Hillhouse Capital, Tybourne Capital and private investor Ratan Tata also participated, according to three unnamed sources, who said the round could eventually close at $150m to $170m. BCC participated through its Times Internet subsidiary.
CarDekho runs an online marketplace for used vehicles that also includes detailed…
