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India: CarDekho seeks to raise funds to expand its used car retail biz
CarDekho founders Amit Jain (left) and Anurag Jain. Photo: Mint
February 22, 2021
CarDekho, the online portal for new and used car sales, plans to raise funds to expand its used car retail business in certain metro and non-metro cities, said Amit Jain, co-founder and CEO of the startup.
However, CarDekho is yet to decide on an investment bank to conduct the fundraising round. According to Jain, the amount raised will be more than what CarDekho had managed in the previous rounds.
In January 2019, the Girnar Software Pvt. Ltd-owned venture had raised around $110 million from Hillhouse Capital, Sequoia Capital and Capital G of Alphabet, followed by a $70 million Series D funding round in December 2019 from Hong Kong’s Ping An Global Voyager Fund, Sequoia Capital and Hillhouse Capital.
CarDekho plans to raise funds to expand its used car retail business
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New Delhi: CarDekho, the online portal for new and used car sales, plans to raise funds to expand its used car retail business in certain metro and non-metro cities, said Amit Jain, co-founder and CEO of the startup.
However, CarDekho is yet to decide on an investment bank to conduct the fundraising round. According to Jain, the amount raised will be more than what CarDekho had managed in the previous rounds.
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Round: Series D
Description: Better.com is a comprehensive homeownership journey platform that utilizes technology to change the way people buy and own a home.
Investors in the round: 9Yards Capital, Activant Capital, Ally Financial, American Express Ventures, L Catterton, Ping An Global Voyager Fund
Month of Funding: November
Founders: Eric Wilson, Erik Bernhardsson, Shawn Low, Viral Shah, Vishal Garg
Founding year: 2016
Total equity funding raised: $405.0M
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