Time to see SEA! Singapore-based CarDekho SEA is an auto-financing platform offering services like used car financing, dealer inventory funding, and more. 

• They’re the SEA arm of India’s CarDekho Group, and they just raised $60M in their first external funding round!
• They previously got $$$ from their parent company. 

Investor check. Navis Capital Partners and Dragon Fund led the round!

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🔤 The ABCs of CarDekho SEA

Set up in 2020, CarDekho SEA owns and operates several brands in the region, including Indonesia’s OTO and the Philippines’ Carmudi and Zigwheels. 

• For buyers. They’ve got easy loan procedures, an extensive network of dealers and agents, and an asset-light marketplace that’s got no credit risk.
• And for their financial partners? They use AI and machine learning tech to reduce fraud and credit risks. 

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🚗 Vroom vroom

They’ll use the $$$ to boost their growth in the region, with a key focus on the used car and bike financing industry and auto financing sector in Indonesia and the Philippines respectively.

• Oh, and they’ll also strengthen their B2B2C model and expand their market reach through partnerships and distribution channels.