CarDekho SEA Bags $60 Mn From Navis Capital Partners, Dragon Fund

CarDekho SEA Bags $60 Mn From Navis Capital Partners, Dragon Fund

SUMMARY

Auto marketplace CarDekho Group’s southeast Asian entity has raised $60 Mn (around INR 509 Cr) in a fresh funding round from Navis Capital Partners and Dragon Fund

The fundraise valued the company between $300-400 Mn

The financing platform will largely use the newly raised capital to build out its existing business in Indonesia and Philippines and to gradually expand into new geographies

Auto marketplace CarDekho Group’s southeast Asian entity has raised $60 Mn (around INR 509 Cr) in a fresh funding round from Navis Capital Partners and Dragon Fund.

Cofounder and president of CarDekho Umang Kumar told Inc42 that the fundraise valued the company between $300-400 Mn.

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