Funding round
CarDekho Series C
CarDekho, which works in digital automotive marketplace services in Jaipur, raised $129M in a Series C round announced on 1 Aug 2019, led by India Mobility Holdings. 3 firms took part. It is CarDekho's first venture round on record.
$129M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
CarDekho did not disclose a valuation in this round. It is CarDekho's first venture round on record, 11 years after it was founded in 2008. It is 29% of the $449M CarDekho has raised in the venture rounds on record. CarDekho raised again 4 months later: a Series D round of $70M in Dec 2019, at $700M post-money.
CarDekho's funding rounds
CarDekho has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
India Mobility Holdings led the round with 2 other firms.
Lead investor
- India Mobility Holdings
Also in the round
- Hillhouse backs 54 venture-backed companies
- Kreatif Media Karya
Comparable rounds
How it compares
6 Series C rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $51M, and this round was 2.5 times the median. The closest in time, other companies' Series C rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CARSOME Automobile Dealers & Manufacturers | 1 Dec 2019 | $50M | not disclosed | MUFG Innovation Partners and Daiwa PI Partners |
| CARSOME Automobile Dealers & Manufacturers | 11 Dec 2019 | $50M | not disclosed | MUFG Innovation Partners and Daiwa PI Partners |
| WM Motor Automobile Dealers & Manufacturers | 8 Mar 2019 | $446M | not disclosed | Baidu |
| Automobile Dealers & Manufacturers | 1 Jan 2020 | $52M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 5 Sep 2018 | $100M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 8 Jul 2020 | $50M | not disclosed | Moore Strategic Ventures, LLC |
Questions
Frequently asked
How much did CarDekho raise in its Series C round?
CarDekho raised $129M in its Series C round, announced in Aug 2019.
Who led CarDekho's Series C round?
India Mobility Holdings led it, with Hillhouse and Kreatif Media Karya.
What was CarDekho's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Automobile Dealers & Manufacturers?
6 Series C rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $51M, and this round was 2.5 times the median.
Did CarDekho raise again after this round?
Yes: a Series D round in Dec 2019 of $70M at $700M post-money.