Cardekho raises $70 Mn from Ping An Global Voyager Fund of China

Cardekho raises $70 million
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Jaipur-based Girnar Software that owns CarDekho.com portal on Thursday raised $70 million in a Series D round led by China’s Ping An Global Voyager Fund along with existing investors; Sequoia Capital India and Hillhouse Capital; and a new backer Advent International.

The company in a statement today expressed…

“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,”

Amit Jain, CEO, CarDekho

Founded by the brothers Amit Jain and Anurag Jain in 2007, Cardekho has established its presence in Indonesia back in 2016 under the name OTO and Philippines last month whilst acquiring the country operations of Carmudi Philippines.

“We have been extremely impressed with the business CarDekho has built in India, particularly its success in developing different types of financial services offerings to address car buyers’ needs,”

Donald Lacey, Managing Director, Ping An Global Voyager Fund


Image source: openthemagazine.com


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Wajiha Wahab

Part of the editorial team at LAFFAZ, Delhiite by birth, Wajiha possesses a keen interest in reading about startups, accumulating information and presenting the same to the audience impressively.
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