Subscribe to the 附近上门 Daily

CarDekho makes it easier for customers to buy and sell new and used cars and obtain insurance. It鈥檚 something of a 鈥渙ne stop shop鈥� for car ownership in India, as customers have a range of services and tools to choose from when they鈥檙e looking to buy or sell a car. Though it鈥檚 headquartered in Jaipur, India, it also operates with brands in Indonesia and the Philippines.

The company last raised money in January with its $110 million , led by . CarDekho was founded in 2008 and raised its $15 million in 2013. With the new Series D, CarDekho鈥檚 total funding comes out to , according to 附近上门.

The new round was led by , the foreign investment arm of China鈥檚 , and marks Ping An鈥檚 first investment in India. and also participated in the round.

“Auto services are a core component of Ping An’s ‘finance + ecosystem’ strategy, reflected in our majority shareholding in Autohome in China,鈥� Ping An Global Voyager Fund managing direct and COO Donald Lacey said in a statement. 鈥淲e have been extremely impressed with the business CarDekho has built in India, particularly its success in developing different types of financial services offerings to address car buyers’ needs.鈥�

The funding news comes on the heels of another growth move by CarDekho: the company acquired auto website just last week for an undisclosed price. Carmudi Philippines marks CarDekho鈥檚 third acquisition to date, as CarDekho also bought in 2015 and in 2014.

CarDekho competes with companies like , , and , according to Owler.

Photo courtesy of .