Cardekho's $60 Million Fundraising Marks a New Era for Indonesia’s Southeast Asia Market
Cardekho's Significant Milestone
In a groundbreaking development, Cardekho, a prominent auto financing platform based in Singapore, has closed a funding round raising $60 million in equity. This significant investment values the company at over $300 million and signals a vibrant interest in Indonesia's automotive financing market, part of the broader Southeast Asia region.
Investment Details
- This is the company’s first round of external funding.
- Previous support included a $40 million injection from its parent company, Cardekho Group.
Outlook for Southeast Asia
Southeast Asia is increasingly becoming a hotbed for investments. The involvement of Navis Capital and Dragon Fund highlights the region's potential. With this funding, Cardekho is positioned to expand its offerings and explore strategic acquisitions in the market.
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