CarDekho enters unicorn club with $250 million funding led by Leapfrog Investments

Girnar Software-owned automobile portal CarDekho has become the latest entrant to the unicorn club after closing a $250 million round of funding led by Leapfrog Investments.

The round includes $200 million Series E equity and $50 million as debt in its pre-IPO round, sources in the know told ET. The new round values CarDekho at $1.2 billion, breaching the benchmark for a startup to be called unicorn.