Existing shareholder KCK invested $25m to lead a $52m first tranche of the automotive e-commerce platform's latest round, which reportedly has a $100m target for its close.
India-based second-hand car marketplace Cars24 has collected an initial $52m in series D funding from investors including logistics firm KCK, Entrackr reported on Friday.
KCK led the tranche with a $25m contribution and was joined by investment firm Kingsway Capital, which supplied $10m through its Frontier Consumer Internet Fund.
Sequoia Capital India, Euler Capital, Exor Seeds, Freemark Holdings and assorted angel investors also took part in the round, which has a $90m to $100m target for its close, sources told…
