Total amount raised
$561.1 Millions
Latest funding date
Location
CarDekho has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of services for buying and selling new and used cars in India.
Keep reading to explore the intricacies of CarDekho's fundraising journey and the investors backing this innovative platform.
What Is CarDekho?
CarDekho, founded in 2008 in Gurgaon, Haryana, India, is an automotive portal that provides a comprehensive platform for buying and selling new and used cars. The company was established by Amit Jain, Anurag Jain, Umang Kumar, and Umesh Hora.
CarDekho offers a wide range of services, including enterprise mobility solutions, mobile application development, web design and development, offshore staffing, and testing and quality assurance (QA) services. The platform also features detailed information on car models, prices, reviews, comparisons, and more.
With a workforce of 1001-5000 employees, CarDekho continues to be a leading auto portal in India, helping users make informed decisions about their car purchases and sales.
How Much Funding Has CarDekho Raised?
- Series B
- Amount Raised: $50M
- Date: January 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its market presence and enhance its technology platform.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2015
- Lead Investors: HDFC Bank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen its financial services and expand its customer base.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: March 2016
- Lead Investors: CapitalG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in new technologies.
- Series B
- Amount Raised: $2.5M
- Date: March 2018
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its product offerings and expand its market reach.
- Debt Financing
- Amount Raised: ₹250M
- Date: July 2018
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support working capital needs and business expansion.
- Series C
- Amount Raised: $110M
- Date: January 2019
- Lead Investors: CapitalG, Hillhouse Investment, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new business verticals.
- Series D
- Amount Raised: $70M
- Date: December 2019
- Lead Investors: Ping An Global Voyager
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its international presence and enhance its technology infrastructure.
- Series E
- Amount Raised: $200M
- Date: October 2021
- Lead Investors: LeapFrog Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale its operations and invest in new markets.
- Debt Financing
- Amount Raised: $50M
- Date: October 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support its financial services and operational expansion.
- Venture Round
- Amount Raised: $60M
- Date: December 2024
- Lead Investors: Navis Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its capabilities in used car financing and expand market coverage.
CarDekho has raised a total of $542.5M. The current valuation is Not publicly disclosed.
Key Investors
- Navis Capital Partners
- Details: Navis Capital Partners is a private equity firm that focuses on investments in Southeast Asia. They have a strong track record of investing in growth-oriented companies.
- Investment Focus Areas: Consumer goods, healthcare, industrials.
- Notable Investments: Not publicly disclosed.
- LeapFrog Investments
- Details: LeapFrog Investments is a private equity firm that invests in high-growth companies in emerging markets. They aim to provide financial services and healthcare to underserved populations.
- Investment Focus Areas: Financial services, healthcare, insurance.
- Notable Investments: BIMA, WorldRemit, Goodlife Pharmacy.
- CapitalG
- Details: CapitalG is the growth equity investment fund of Alphabet Inc. They focus on investing in technology companies that have the potential to transform industries.
- Investment Focus Areas: Technology, software, data analytics.
- Notable Investments: Airbnb, Stripe, Lyft.
- Ping An Global Voyager
- Details: Ping An Global Voyager is the venture capital arm of Ping An Insurance Group. They invest in fintech and healthtech companies globally.
- Investment Focus Areas: Fintech, healthtech, insurtech.
- Notable Investments: Not publicly disclosed.
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm that provides financing solutions to high-growth companies in India. They focus on supporting companies with strong business models and growth potential.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: BigBasket, UrbanClap, Rivigo.
What's Next for CarDekho?
CarDekho's future looks promising as it expands its footprint in Southeast Asia. With a recent $60 million funding round led by Navis Capital Partners and Dragon Fund, the company is poised to enhance its capabilities in used car financing and classifieds, particularly in Indonesia and the Philippines. The opportunities are vast, with CarDekho SEA already holding a 3% market share in Indonesia's used auto finance sector and achieving over $1 billion in gross merchandise value.
As CarDekho continues to grow, future fundraising rounds seem likely to support further market penetration and product development. The company aims to accelerate growth through complementary solutions like auto insurance, extended warranties, and electric vehicle financing. However, challenges such as navigating diverse regulatory environments and maintaining growth momentum in a competitive landscape could pose hurdles. Adapting to varying consumer behaviors across different regions will also be crucial for sustained success.
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