Sequoia Capital has invested the capital through the SCI Growth Investments II fund for 2390 shares as per documents filed with the registrar of companies and accessed by business research platform Tofler. ET could not ascertain the valuation of the company in this round.
CarDekho, which competes with players like CarTrade and Quikr's auto vertical, last raised about USD$15 million ( Rs 96 crore) from Google Capital and Hillhouse Capital in March 2016 in a round that valued the company at about USD$366 million (Rs 2346 crore).
The online auto classifieds marketplace market in India has slowed down over the last 3 years with marketplaces such as CarDekho focussing on used car financing as a revenue churning vertical to spur growth.
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