Auto marketplace CarDekho held a fundraising round to raise $60 million (about INR 509 crore) for the Group's southeast Asian subsidiary

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VCs Navis Capital Partners and Dragon Fund have led the fundraising round

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Umang Kumar, cofounder and president of CarDekho, told media that the fundraiser valued the company between $300 and $400 million

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CarDekho SEA, the Southeast Asia unit and subsidiary of the CarDekho Group, operates in Indonesia and the Philippines

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Kumar stated that CarDekho is considering expanding into additional geographies in Southeast Asia between the 2nd half of 2025 and the 1st half of 2026

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CarDekho has also extended into Southeast Asia with the launches of Zigwheels.ph, Zigwheels.my, and Oto.com

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The finance platform would use the freshly raised funds primarily to expand its present company in Indonesia and the Philippines

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CarDekho SEA plans to expand its used car finance refinance and classifieds business in Indonesia and the Philippines

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With this inaugural round of funds, the company's capital totalled more than $100 million, majority from Parent company

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This development comes as the auto marketplace prepares for its public listing in 2025. The company intends to publish a DRHP in March 2025

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