Wednesday, January 13, 2016

Temasek, March Capital lead US$145M funding in India’s CarTrade

The auto classified portal recently acquired smaller rival CarWale for about US$80-90 million India’s online auto classifieds platform*CarTrade*has*raised INR*950 crore (US$145 million), co-led by Singapore-based investment firm Temasek*Holdings*and global VC fund*March Capital. The sound also saw participation from existing investor Warburg Pincus. “The funds raised shall be used to further expand our services*organically and through...
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