CarDekho.com Raises Fresh Funds Worth Rs 307 Crore
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In a fresh round of funding led by The seven year-old company, which sells both used and new cars on its platform, has now joined the club of Indian consumer Internet companies valued at Rs 1,000 crore or more.
"We will be using the proceeds primarily towards brand building and marketing. We will consider acquisitions as well, and have held talks with other start-ups that we feel can enhance our technology platform," said Amit Jain, co-founder and chief executive officer (CEO) at CarDekho.
CarDekho’s chief competitors are Tiger Global,
"Given the adoption of the Internet in India, especially through mobile, we're targeting revenue of Rs 500-600 crore, and a billion dollar valuation over the next four to five years," said Jain.
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