 "Cash squeeze could hurt autonomous bodies")
Girnar Software, the parent of auto portals Cardekho, said it has received an undisclosed amount as investment from Google Capital and its existing investro Hillhouse Capital.
Majority of the new funding will be used to invest in technoloy, R&D and expansion within and outside India.
The firm had recently launched its services beyond Indian borders with the launch of CarBay.com in Malaysia, Thailand, Vietnam, Philippines and Indonesia, Girnar Software will be looking to consolidate its presence in India as well as other emerging economies in Asia and Wets Asia, a statement said.
"Having them (Google Capital) on our shareholder roster encourages us to keep raising the standard of our tech offerings as we create the premier automotive digital destination for the emerging markets," Amit Jain, co-founder and CEO, Girnar Software said.
The latest investment for Girnar Software follows a $50 million funding round led by Hillhouse Capital, with participation from Sequoia Capital and Tybourne Capital. HDFC Bank, India's most valuable private sector bank and Ratan Tata, Chairman Emeritus of Tata Sons, have also invested in the company, the firm said.
