CarDekho valued at $1.2 billion turns unicorn
The car sales platform has raised $250 million in equity and debt funding from LeapFrog Investments, Mirae Asset, Franklin Templeton, Canyon Partners and Harbor Spring Capital, in a round that made it India's 33rd unicorn in 2021.
CarDekho, a seller-focused platform for used and new cars, said on October 13 that it has raised $250 million in an equity and debt funding round valuing it at $1.2 billion, leading up to a stock market listing next year.
The deal, led by LeapFrog Investments with other new investors such as Mirae Asset, Franklin Templeton, Canyon Partners and Harbor Spring Capital, makes CarDekho India's 33rd unicorn in 2021 in a record breaking year for startup funding. Early investor Sequoia Capital and Sunley House also invested.