New Delhi, June 11 -- Girnar's Auto Portal CarDekho is in talks to raise a minimum of $150 million, reports suggest. The fundraiser would take the company to unicorn status, making it the 15th startup in the billion-dollar club in 2021. Further, the company aims to use the resources to expand its e-commerce platform for retailing used cars. The startup currently values at $725 Mn after its Series D raise of $70 Mn.

About CarDekho

CarDekho, which went live in 2008, was set up by a bunch of young, enthusiastic IIT graduates. Its investors include Google Capital, Tybourne Capital, Hillhouse Capital, Sequoia Capital, HDFC Bank, Ratan Tata and Times Internet.

The Indian used car market is around 1.5 times of new car sales. Industry executiv...