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CarDekho raises $50 million from Hillhouse Capital and Tybourne Capital

Online car classifieds portal CarDekho.com has raised $50 million in a new round of funding led by Hillhouse Capital and Tybourne Capital, participation from Sequoia Capital reports the Economic Times. The report adds that CarDekho.com has a post-money valuation of $300 million. Earlier in 2013, CarDekho had raised $15 million from Sequoia Capital for a reported 20% stake in the company.  Amit Jain, co-founder and chief executive officer of CarDekho told the publication the funds will primarily be used for branding and marketing and added that the company is looking at other mergers and acquisitions. Earlier in September, CarDekho bought Ibibo's automobile website Gaadi.com for a reported $11 million. Jain had at that time said that both the companies will continue to remain independent and operate as separate businesses. He said that this acquisition will enable them to focus on…

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