CarDekho Group, India’s auto-tech company, has further fortified its leadership team by appointing Mr Mayank Gupta as Chief Financial Officer. Mayank will oversee financial, compliance, legal and investor relations areas and will also be responsible for managing the processes for financial planning and reporting, risk management, etc as the company looks ahead to an IPO.…
Car search venture CarDekho Group has announced the appointment of Mayank Jain as CEO – New Auto business. In this role, he will manage and strengthen the new auto offering of the organization, and will also be responsible for deepening the engagement with dealer network, OEMs, along with other enterprise partners. “Jain will operate out…
Layoffs at new-age startups are becoming more and more common during the coronavirus pandemic. As company’s struggle to keep business floating during this unprecedented crisis, layoffs have become a common tool to conserve cash. Joining the likes of many others, used car marketplace CarDekho has recently laid off over 200 employees. According to an Entrackr…
CarDekho, India’s leading car search venture, has raised $70 million in Series D round funding led by Ping An Global Voyager Fund. With this latest round, CarDekho has managed to raise more than $250 million in funding to date. The company was founded by Amit Jain in 2008. Apart from Ping An Global Voyager Fund,…
CarDekho Group, India’s leading car search venture, has expanded its global footprint by acquiring online car classifieds site, Carmudi Philippines. Carmudi was a part of Rocket Internet and is an online car classifieds site focusing on emerging markets. The company was founded in 2013. In the company’s statement on this move, Co-Founder and President, CarDekho…
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…
Girnarsoft, which owns online auto portal Cardekho, is raising a massive $100 million in its latest investment round led by Sequoia Capital. Its expected that the existing investor Hillhouse Capital will also be participating in the round. According to an ET post, the investment values Gurgaon-based Cardekho between $400 million and $500 million, which is a little higher than…