Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has secured a new $ 110 million Series C round of financing from a group of existing investors to deepen its financial services and insurance business. Sequoia India, Hillhouse and Alphabet CapitalG the Association, one of CarDekho's financial partners. The company confirmed that the contracts gave it a valuation of $ 400 to $ 500 million, which is consistent with a report from Economic Times a month ago. The figure is up slightly from a $ 360 million valuation CarDekho's previous fundraiser in 2016. The transaction brings the company to

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