- CarDekho SEA bags $60M funding
- Tech-driven auto platform eyes Southeast Asian market expansion
- Investors bet big
Revving Up Regional Expansion
Singapore-based CarDekho SEA has secured $60 million in its first external funding round, marking a significant milestone for the auto-financing platform.
Led by Navis Capital Partners and Dragon Fund, the investment will propel the company’s strategic expansion across Southeast Asia.
Powering the Digital Auto Marketplace
Established in 2020, CarDekho SEA operates multiple brands including Indonesia’s OTO, Philippines’ Carmudi, and Zigwheels.
The platform offers innovative solutions for car buyers, dealers, and financial partners, leveraging advanced AI and machine learning technologies to streamline auto financing and reduce credit risks.
Gearing Up for Future Growth
The fresh capital will fuel the company’s expansion, targeting the used car and bike financing markets in Indonesia and the Philippines.
CarDekho SEA plans to strengthen its B2B2C model, expand market reach through strategic partnerships, and continue developing its asset-light, low-risk marketplace approach.
