Millennium Post

CarDekho.com bags $50 mn in 2nd round of fund infusion

CarDekho.com, the flagship portal of GirnarSoft, has raised $50 million (over Rs 300 crore) in the second round of fund infusion. The funding was led by Hillhouse Capital with participation from Tybourne Capital and Sequoia Capital, the company said in a statement. "Elara Capital acted as the exclusive financial advisor to the transaction. With this, the parent company Girnar Software is now valued at $300 million," it added.

GirnarSoft CEO and Co-Founder Amit Jain said company's aim is to have a global footprint through its innovative products and services. "This is the largest quantum of fund raise in this segment in India so far. We see the second round of investment as an endorsement of our strategy and progress so far," he added.
PTI

PTI

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