Auto portal CarDekho on Thursday said it has raised $70 million, about Rs 500 crore, in Series D funding, led by China's Ping An's Global Voyager Fund.
Ping An is one of the world's largest financial services companies and a majority shareholder of China's largest auto portal Autohome. Sunley House Capital Management, a subsidiary of global private equity firm Advent International, also joined the funding round along with existing investors Sequoia India and Hillhouse.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
'One Can Never Get Good News And Bad Share Price': S Naren, ICICI Pru Life AMC On NDTV Profit Ignite
"These funds will be used to further strengthen company's transaction businesses and expand its international footprint," CarDekho said in a statement.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The company recently started its operations in the second country in Southeast Asia by acquiring the Philippines operations of Carmudi.
CarDekho had launched its Indonesia operations in 2016 under the brand name OTO.com.
"With the latest fundraise, we will continue to strengthen our domestic and international businesses and will aggressively work towards becoming the largest personal mobility ecosystem in the country," CarDekho Chief Executive Officer and Co-founder Amit Jain said.
Sequoia India is one of the early investors in CarDekho, having led the Series A round in 2013.
With this new round of funding, CarDekho has now raised more than $250 million.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
