CarDekho closes $70 mn funding round from top investors in China, Europe

CarDekho said it will use the money to strengthen its transaction businesses and expand its international footprint

CarDekho, an auto-tech company, has raised $70 million in a Series D round, led by Ping An’s Global Voyager Fund, which has made its first investment in India with this deal. Sunley House Capital Management, a subsidiary of global private equity firm Advent International, and existing investors -- Sequoia India and Hillhouse -- were other investors. With the latest round, CarDekho has raised more than $250 million till date.

Based in China, Ping An is one of the world’s largest financial services companies and holds a majority stake in its home country's largest auto portal, Autohome. Sequoia India is one