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Online used Cars platform CarDekho raises $50 Million in Series B from Sequoia, Hillhouse and others

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Tweet about this on TwitterShare on Google+Share on StumbleUponShare on LinkedInPin on PinterestShare on Reddit, an online platform where you can buy or sell used as well as brand new cars has raised a $50 Million worth Series B round led by Chinese investment management firm Hillhouse Capital and Hong-Kong based Tybourne. CarDekho’s existing investor Sequoia Capital also participated in the round., owned by Jaipur-based Girnar Software Pvt. Ltd. is an online car discovery platform, where in buyers and sellers can purchase or sell used cars. The platform also allows you to have a look at new car prices. The company will be valued in excess of $300 Million post-funding, making it one of the most valued start-up to come out of the state of Rajasthan.

Amit Jain, who is the co-founder at CarDekho said,


We will use the funds for brand building and marketing, besides innovating n the mobile app front, We will also look at acquiring start-ups to enhance our technology platform. Our vision is also to be a company with global footprint through our innovative products and service.

CarDekho claims that its revenues have grown by over three-fold since 2013. The company primarily earns revenues by charging certain percentage of the selling cost which a seller gets, while marketing a used car on its platform. The company had earlier raised a $15 Million Series A round led by Sequoia Capital. Last year, the company had acquired Naspers Group-owned, another automobile site, for an undisclosed sum.

Since the company aims at acquiring start-ups, we may see a string of small-scale acquisition by Girmar Softwares, in the online used cars market segment. Current major competitors which CarDekho is battling out, include Times Internet’s Zigwheels and Sierra Ventures-backed Carwale among others.


Apart from its primary venture CarDekho, Girmar also runs a similar platform for bikes, called It also runs a similar price comparison engine called


Editor-at-large and co-founder at The Tech Portal. He is a tech enthusiast with interests in new-age technology fields like Ai, Machine Learning, AR/VR, Outer Space and related stuff. Drop him a mail anytime, very reachable.

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