The corporate-backed automotive e-commerce portal raised series E funding which will be used to accelerate its growth, increase brand awareness and expand into new markets.
CarDekho, an India-based online automotive marketplace backed by several corporates, has collected $200m in series E equity funding and $50m in debt financing at a $1.2bn valuation, the Economic Times reported today.
The round was led by LeapFrog Investments and backed by financial services provider Mirae Asset as well as Canyon Partners, Franklin Templeton, Harbor Spring Capital, Sequoia Capital India and Sunley House, while Numis and Credit Suisse advised CarDekho.
Founded in 2008, CarDekho provides an online marketplace where customers…
