This past December, all of us missed something important. A funding event. A small company that has been around for a while, and one that has built its entire existence around automobiles, raised $110 million. Several investors participated. Sequoia, Hill House Capital, Google Capital and Axis Bank. The money that came in was no meagre sum. It represents a more than seven-fold increase from the company’s last significant fundraise—a comparatively tiny $15 million round in February 2016.
With a tank full of gas, CarDekho’s going full stack
After 10 years of being an also-ran, CarDekho is finally getting aggressive. With $110 million in fresh funding and plans to go full stack, will 2019 be CarDekho’s year?
From a classifieds company in the used car space, CarDekho is venturing into the end-to-end cycle of buying and selling cars
By developing capabilities in finance and insurance of used vehicles, it has built a unique value proposition
However, it will face stiff competition from deeply entrenched competitors like Cars24
The success of its plan is critical if CarDekho is to have a listing by 2021-22