Girnar Software, the company which runs websites like Cardekho, Bikedekho and Pricedekho, is raising over $15 mn from Sequoia Capital in exchange of a 20% stake in the company, according to a new report. The deal values the company at nearly $75 mn.
A formal announcement is expected soon, the Times of India reported.
Cardekho was founded by Amit & Anurag Jain, brothers who graduated from IIT-Delhi, in 2008. The Jaipur based company’s CEO Amit Jain claims that the company is profitable. The company is in the business of outsourced product development as well.
The automobile portal lets users find information on new and used cars. Users can also find loans, insurance products and dealers on the portal.
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