CarDekho SEA, part of India’s CarDekho Group, has raised US$60 million in its first external funding round.

Navis Capital Partners and Dragon Fund led the investments, boosting the group’s total funding to over US$100 million.

Based in Singapore, CarDekho SEA operates across Southeast Asia, offering services such as used car financing and dealer inventory funding.

New funds will focus on expanding operations in Indonesia and the Philippines, highlighting used auto financing and classifieds.