Leapfrog invests in CarDekho

Investec advised Leapfrog on its USD 250 mn investment into CarDekho

Investec acted as an Advisor through the multi-faceted $250mn investment by LeapFrog investments into CarDekho. Alongside other tier-1 VC firms, Leapfrog Investments led CarDekho’s pre-IPO round bringing them to unicorn status. The funding round included $200mn in Series E equity and an additional $50mn in debt.

Investec's role:

Investec assisted Leapfrog in conducting management discussions, reviewing collaterals provided by CarDekho, providing strategic inputs in various businesses of CarDekho, including used car finance and insurance. We co-ordinated with other advisors on the transaction to ensure smooth execution of the process.
Investec assisted them in understanding the industry dynamics and the landscape of competitors overall.
Investec also assisted in preparation of the IC note, in ascertaining the valuation and mapping out and exit scenario for LeapFrog. We assisted in co-ordination of all relevant approvals of the transaction and in closure of definitive documents.

About CarDekho:

CarDekho, Jaipur’s first unicorn, is India’s largest car search platform with a staggering 86% of Indian purchasers visiting the website during the car buying process. Working with nearly all major auto manufacturers and over 7,500 dealerships, CarDekho accounts for up to 30% of annual sales for strategic partners and facilitates financing and insurance for used car buyers and sellers through collaborations with financial institutions and insurance companies.

Client feedback:

“CarDekho, from being a car research portal, has evolved to become a complete ecosystem for car buying, lifecycle management and selling. We are committed to empowering our customers and providing them with a convenient and hassle-free experience. The new fundraise will help us expand our Used Car transactions and Financial services businesses. The trust and conviction of our investors will help us to accelerate our growth plans whilst we provide our customers with an experience that will continue to re-define car buying and selling.”
– Mr. Amit Jain, Co-founder and CEO CarDekho