Funding round
CarDekho Series D
CarDekho, which works in digital automotive marketplace services in Jaipur, raised $70M in a Series D round announced on 5 Dec 2019, led by Ping An Global Voyager Fund, at a $700M post-money valuation. 5 firms took part. It is CarDekho's second venture round on record; the one before was a Series C in Aug 2019.
$70M
Amount raised
$700M
Post-money valuation
$630M pre-money
5
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CarDekho at $700M after the new money. The $70M bought investors about 10% of the company. It came 4 months after CarDekho's Series C. It is 16% of the $449M CarDekho has raised in the venture rounds on record. CarDekho raised again 22 months later: a Series E round of $250M in Oct 2021, at $1.20B post-money.
CarDekho's funding rounds
CarDekho has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Ping An Global Voyager Fund led the round with 4 other firms.
Lead investor
- Ping An Global Voyager Fund new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- Hillhouse backs 54 venture-backed companies new investor
- Advent International backs 36 venture-backed companies new investor
- Sequoia India
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| CARS24 Automobile Dealers & Manufacturers | 17 Oct 2019 | $100M | not disclosed | KCK Global and Unbound |
| Automobile Dealers & Manufacturers | 3 Sep 2019 | $250M | not disclosed | CNH Industrial N.V. |
| CARSOME Automobile Dealers & Manufacturers | 8 Dec 2020 | $30M | not disclosed | Asia Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did CarDekho raise in its Series D round?
CarDekho raised $70M in its Series D round, announced in Dec 2019.
Who led CarDekho's Series D round?
Ping An Global Voyager Fund led it, with Sequoia Capital, Hillhouse, Advent International and Sequoia India.
What was CarDekho's valuation at the Series D round?
$700M post-money ($630M pre-money).
Did CarDekho raise again after this round?
Yes: a Series E round in Oct 2021 of $250M at $1.20B post-money.