Online used car marketplace Cars24 has closed a $100 million (about Rs 714 crore) equity financing round from a clutch of new and existing investors, including Unbound, the London-based investment firm founded by Bharti Airtel scion Shravin Mittal. A second new investor, New York-based investment firm Moore Strategic Ventures, has also joined the Singapore and Gurugram-based company’s cap table.
The round involved fresh funding from existing investors KCK Group, Sequoia Capital, DST Global, Exor Seeds and Kingsway Capital. The Series D round saw new investors Unbound and Moore Capital joining the funding round as well.
AP & Partners advised
Linklaters acted for new investor
Algo Legal acted for new investor
For existing investors:
Themis Associates represented
Update 11 December 2020: IndusLaw also advised
Jerome Merchant & Partners advised
Gunderson Dettmer for
Withersworldwide for
2019-10-17
Deal value: USD 100 million
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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