Ratan Tata invests in auto classifieds portal CarDekho

Ratan Tata has made a personal investment in auto classifieds portal CarDekho, once again reaffirming his bullishness around India’s rapidly growing digital consumption story . Last year, Tata took a wager on Delhi-based e-commerce biggie Snapdeal followed by jewellery e-tailer Bluestone and online furniture retailer Urban Ladder amid a rush of funds into the thriving consumer internet sector. CarDekho, now valued at $300 million, recently received $50 million in a fresh financing round led by China’s Hillhouse Capital, which manages $14 billion in assets, Tybourne Capital and its existing investor venture fund Sequoia Capital.

Source: http://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/ratan-tata-invests-in-auto-classifieds-portal-cardekho/46172148

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