06 November 2024
CarDekho.com, a platform to buy and sell cars and related services co-founded by Shark Tank India judge Amit Jain, has opened discussions with investment banks as the company aims to list on Indian bourses sometime next year, people aware of the matter told Moneycontrol. CarDekho will be the second auto classifieds portal to go public in India after CarTrade Tech Limited, which went public in August 2021, raising Rs 2,998.5 crore in its initial public offering (IPO). “CarDekho is engaged in talks with several investment banks for its IPO plans. The company is looking to raise around Rs 3,000 crore to Rs 4,000 crore through the IPO. Banker appointments are expected soon,” said one of the people cited above, speaking on condition of anonymity.
CarDekho.com, a platform to buy and sell cars and related services co-founded by Shark Tank India judge Amit Jain, has opened discussions with investment banks as the company aims to list on Indian bourses sometime next year, people aware of the matter told Moneycontrol. CarDekho will be the second auto classifieds portal to go public in India after CarTrade Tech Limited, which went public in August 2021, raising Rs 2,998.5 crore in its initial public offering (IPO). “CarDekho is engaged in talks with several investment banks for its IPO plans. The company is looking to raise around Rs 3,000 crore to Rs 4,000 crore through the IPO. Banker appointments are expected soon,” said one of the people cited above, speaking on condition of anonymity.
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