CarDekho.com is India’s leading car search venture. The company is planning to raise a $100 Mn Series D funding round led by Chinese investor Autohome Inc. at a valuation of $700 million.
Apart from Autohome, Sequoia Capital will also be an investor in Series D round.
Recently, India is experiencing a slowdown in the automobile sector. CarDekho follows a model where it sells new as well as old cars on its platform. Such platforms, dealing in used cars, comprise a small fraction of the overall automobile market, and does not seem to be much impacted by the slowdown. Considering it’s growth despite slowdown in the sector – the company probably appears a good bet for investors.
CarDekho offers both Old and new cars for the car buyers. It has so far raised $185 million and a valuation of $700 million will be a definite increase from the levels of $400-$500 million it was valued last time when picking up $110 million in investment.
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