GOOGLE CAPITAL BACKS CARDEKHO
Google Capital is leading a new financing round in auto classifieds portal CARDEKHO with participation from its existing investor, China’s Hillhouse Capital, the company said on Monday.
CARDEKHO is said to have raised around $15 million, but the company did not give details on the size of the investment in its prepared statement. This marks Google Capital’s fourth investment in an Indian tech startup after COMMONFLOOR, Practo and SAAS platform Freshdesk.
CARDEKHO holding talks with Google Capital for a fund-raise. Google Capital set up an office in Bengaluru earlier this year, its only outpost away from Silicon Valley, to track growth-stage companies for potential investments.
“We hope that through our investment and ongoing support, we’ll help them cement their position in India, as the destination for all car-related information and transactions, and grow into new markets regionally and globally,” said David Lawee, partner, Google Capital.