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Shark Tank India judge Amit Jain's company CarDekho.com may bring an initial public offering (IPO) of Rs 4000 crore next year. According to a report by Moneycontrol, sources say that the company has started talks with investment banks. CarDekho will be the second auto classified portal to be published in India after CarTrade Tech Limited, which was published in August 2021. The company raised Rs 2,998.5 crore from its IPO.
According to the report, sources say that CarDekho is in talks with several investment banks for its IPO plan. The company is planning to raise Rs 3,000 to 4,000 crore through the IPO. The appointment of a banker is expected soon. What does the company do and who are the investors CarDekho.com was started in 2008 by young IIT graduates. The company's investors include Google Capital, Tybourne Capital, Hillhouse Capital, Sequoia Capital, HDFC Bank, Ratan Tata and Times Internet. CarDekho.com helps customers buy new or used cars. For this, it provides them with expert reviews, price, cost as well as comparison of features and alternative models, videos and pictures of all car brands and models available in India.
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