CarDekho bags investment from Ratan Tata
Advertisement
Advertisement
In his fourth investment in an e-commerce firm, Tata Group chairman emeritus "Tata, a deeply revered man in the Indian auto sector, has for the first time ever joined hands with an auto portal by investing in personal capacity. While the investment amount remains undisclosed, Tata has agreed to advise the company as and when required,” as per a statement issued by CarDekho.
"Such an investment by the man who has significantly shaped the Indian auto sector is a testimony to CarDekho's plans in its quest to rapidly grow in the auto classifieds sector," it added.
"Post our recent funding and investment by Tata, we are another step closer to the group's vision of becoming a global company through our innovative products and services,” said Amit Jain, co-founder and CEO, GirnarSoft.
Advertisement
"With the faith and confidence shown by Tata in the company, it increases our responsibility towards contributing for the overall development of the online automobile sector," he concluded.
Advertisement
- I spent 2 weeks in India. A highlight was visiting a small mountain town so beautiful it didn't seem real.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- A case for investing in Government securities
- Top places to visit in Auli in 2024
- Sustainable Transportation Alternatives
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects