Dealflow | October 14, 2021

LeapFrog leads CarDekho’s $250 million raise for its online car marketplace in India

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, October 14 — Jaipur-based CarDekho partners with fintech lenders and car insurance companies to provide flexible financing for new and used cars. Three out of every four vehicles are purchased by customers earning less than $10,000 per year.

“Mobility, via cars and two-wheelers, is proven to massively improve healthcare, education and employment opportunities for emerging consumers,” wrote Andy Kuper of LeapFrog Investments, which led CarDekho’s latest round.

The round, which includes $200 million in equity and $50 million in debt, values CarDekho at $1.2 billion.