CarDekho, an Indian auto technology company, raised US$70m in Series D funding.
The round was led by Ping An Global Voyager Fund, with participation from Sequoia Capital and Hillhouse Capital.
Founded in 2008 by Mr Amit Jain, CEO, CarDekho Group is an autotech company with operations in India, Indonesia and Philippines.
Headquartered in Jaipur, CarDekho has digitized the entire Indian auto ecosystem. The group currently operates various leading Indian auto sites such as CarDekho.com, Gaadi.com, ZigWheels.com, BikeDekho.com, InsuranceDekho.com, PowerDrift.com and more. It recently launched an online insurance portal called InsuranceDekho.com offering services in motor and health insurance and CarDekho Gaadi stores as the one-stop destination for selling pre-owned cars. The group also created specialized portals TyreDekho.com and TrucksDekho.com.