Car dealership CarDekho on Wednesday said it had raised $ 250 million, making a company from Jaipur join a unicorn club worth $ 1.2 billion.
The company also stated your most recent capital includes $ 200 million Series E equity and $ 50 million because of its previous IPO events. The blood supply ended up being led by LeapFrog Investments. Other brand new entrants to the event include United States Canyon Partners, Mirae Asset and Harbor Spring Capital, plus presenters at CarDekho Sequoia Capital India and Sunley House.
“It is the biggest investment that CarDekho has made and its own cash is likely to be always market CarDekho’s growth in car or truck sales, economic solutions and insurance businesses, manufacturing and marketing and advertising services, enhancing brand name awareness, and expanding new markets,” “he added.
At this time, the company purchases automobiles for clients in more than 100 areas and has now a database of more than 3,000 licensed cars which can be currently sold on line. He intends to expand their dealership business rather and expand their content to 10,000 automobiles soon.