CarDekho joined the Unicorn Club on Oct 12, 2021 after raising a $250 million funding round that included equity and debt, achieving unicorn status. Headquartered in Jaipur, Rajasthan, India, CarDekho operates an app‑based platform offering car buying, selling, and comparison services.
The platform enables users to research vehicles, compare specifications, check prices, and access expert reviews, along with tools for used car valuation, loan assistance, and insurance options.
Keep reading to learn how CarDekho scaled its auto marketplace and became a leading unicorn in India’s automotive tech ecosystem.
What Is CarDekho and What Does It Do?
Founded in 2008, CarDekho is an automotive marketplace platform connecting car buyers and sellers. The platform provides tools to research vehicles, compare specifications, and check prices. Users can explore expert reviews, value used cars, and access financing and insurance solutions.
CarDekho integrates technology with automotive insights to streamline vehicle buying and selling, empowering customers with data‑driven decision tools and comprehensive support throughout the ownership lifecycle.
How Much Funding Has CarDekho Raised?
1. Series A Round
- Amount Raised: $15 million
- Date: November 2013
- Lead Investors: Peak XV Partners
- Purpose: Initial platform development and early growth
2. Series B Round
- Amount Raised: $50 million
- Date: January 2015
- Lead Investors: Peak XV Partners, Tybourne Capital, Hillhouse Capital, Ratan Tata
- Purpose: Expand operations, product features, and market reach
3. Series C Round
- Amount Raised: $110 million
- Date: January 2019
- Lead Investors: Sequoia Capital, Hillhouse Capital, CapitalG, Axis Bank
- Purpose: Expand used car services, insurance products, and finance tools
4. Series D Round
- Amount Raised: $70 million
- Date: December 2019
- Lead Investors: Ping An Voyager Fund, Sequoia Capital, Hillhouse Capital
- Purpose: Strengthen product offerings, expand into allied services
5. Series E Round (Unicorn Round)
- Amount Raised: $200 million
- Date: October 12, 2021
- Lead Investors: LeapFrog Investments, Canyon Partners, Mirae Asset, Franklin Templeton, Sequoia Capital
- Purpose: Achieve unicorn status and accelerate growth in used car transactions, financial services, and insurance
6. Debt Financing Round
- Amount Raised: $50 million
- Date: October 12, 2021
- Purpose: Debt financing accompanying the unicorn equity round
7. Series E Equity (Latest) Round
- Amount Raised: $60 million
- Date: December 11, 2024
- Lead Investors: Navis Capital Partners, Dragon Fund
- Purpose: Expand marketplace capabilities and accelerate growth
Total Funding Raised: $555 million Latest Funding Date: December 11, 2024 Latest Known Valuation: $300 million Employee Count: 2,381 as of May 31, 2025
Key Investors
- Peak XV Partners
- Details: Growth equity firm formerly known as Sequoia Capital India investing in high‑growth tech platforms
- Focus Areas: Consumer internet, automotive tech, and marketplaces
- Orios Venture Partners
- Details: Venture capital firm backing early to growth stage companies
- Focus Areas: Technology, consumer services, and scalable digital platforms
- Sequoia Capital
- Details: Global venture capital firm investing across technology sectors
- Focus Areas: Auto tech, fintech, and marketplaces
- LeapFrog Investments
- Details: Private equity firm leading the unicorn round
- Focus Areas: Growth stage investments in emerging markets
- Mirae Asset
- Details: Asset management and investment firm
- Focus Areas: Diversified tech and financial services investments
- Navis Capital Partners
- Details: Private equity firm investing in long‑term growth businesses
- Focus Areas: Equity investments in technology and consumer platforms
Where Is CarDekho’s Headquarters?
CarDekho is headquartered in Jaipur, Rajasthan, India, serving as its central hub for product development, operations, and strategic expansion.
What’s Next for CarDekho?
CarDekho plans to expand its automotive marketplace, enhance tools for valuation and financing, and deepen its presence across India and international markets. The company is focused on improving user experience, scaling insurance and loan support services, and innovating with new digital features to stay competitive in auto e‑commerce and related services.
Get Investor and Funding Insights with TexAu
TexAu provides verified investor and funding data for companies like CarDekho. Explore insights on auto marketplaces, e‑commerce platforms, and high‑growth technology startups.
Sign up for Free to access real time investor and funding intelligence.