Jaipur-based CarDekho prepares for 3,000cr IPO seeking 13,000cr valuation
Business
CarDekho, the Jaipur-based auto-tech startup, is getting ready to go public with an IPO aiming to raise up to ₹3,000 crore later this year.
The plan includes both existing shareholders selling their stakes and a fresh issue of about ₹300 crore, with the company hoping for a valuation close to ₹13,000 crore.
CarDekho valuation up from 9,000cr
CarDekho's target valuation has jumped from its last private round, up from ₹9,000 crore five years ago, showing just how much it's grown.