CarDekho, an Indian search and e-commerce platform for new and used cars, has become the latest startup in the world’s second-largest market to reach the unicorn status.
The 14-year-old startup said on Wednesday it has raised $250 million — $200 million in equity and $50 million in debt — in its Series E financing round. The round, which valued the Jaipur-headquartered firm at $1.2 billion, was led by LeapFrog Investments.
Canyon Partners, Mirae Asset, Franklin Templeton, Harbor Spring Capital as well as existing investors Sequoia Capital India and Sunley House also participated in what CarDekho has described as its pre-IPO round.
One of the earliest startups in India, CarDekho has expanded to over 100 markets, it says. The startup …
