CarDekho.com, one of the leading startup in the new and used car segment, has reportedly raised around $15 million in its new Series C round of funding, led by Google Capital with participation of its existing investors.
The funding deal has not yet been announced officially but according to a report from YourStory, the company would make this deal public in the coming month.
While nothing has been stated officially related to the deal, it is being believed that the company will utilize the funds to expand its operations within India, as well as outside India. It is expected to make debut in few countries of APAC region.
CarDekho was founded by Amit Jain and Anurag Jain in 2005. The platform enables users to find new cars, check out the prices of new, upcoming & latest cars. It also allows users to buy and sell cars through the platform. It also provides news and road tests along with comparison of car features, prices, and other car specifications.
Till now, the Gurgaon-based company has raised over $80 million in 4 funding rounds from around 5 investors, including this Series C funding round.
In November 2014, the company has raised $15 million in Series A round, while in January 2015, the company raised $50 million in Series B round of funding.
In last two years, the company has also made two acquisitions – Gaadi Web and ZigWheels. Gaadi Web, an online auto portal was acquired for around $11 million from ibibogroup, whereas ZigWheels’ acquisition amount has not been revealed.
This latest funding comes to the company when its rival, CarTrade recently received a whooping $145 million in its Series F round of funding.