In his fourth investment in an e-commerce firm, Tata Group chairman emeritus
"Tata, a deeply revered man in the Indian auto sector, has for the first time ever joined hands with an auto portal by investing in personal capacity. While the investment amount remains undisclosed, Tata has agreed to advise the company as and when required,” as per a statement issued by CarDekho.
"Such an investment by the man who has significantly shaped the Indian auto sector is a testimony to CarDekho's plans in its quest to rapidly grow in the auto classifieds sector," it added.
"Post our recent funding and investment by Tata, we are another step closer to the group's vision of becoming a global company through our innovative products and services,” said Amit Jain, co-founder and CEO, GirnarSoft.
"With the faith and confidence shown by Tata in the company, it increases our responsibility towards contributing for the overall development of the online automobile sector," he concluded.