GOOGLE CAP­I­TAL BACKS CARDEKHO

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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.

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