India-based and Ratan Tata-backed CarDekho is on the lookout for acquisitions in the range of $1-5 million (Rs6-30 crore) in Southeast Asian market such as Indonesia, Malaysia and Vietnam and Thailand, The Economic Times reported.
Amit Jain, chief executive of CarDekho said, the Jaipur-based automotive classifieds portal is making a start in this direction by talking to a few players for potential buyouts.
If successful, CarDekho will join the bandwagon of Indian startups entering other emerging markets where local challenges are similar (to India) and technology ecosystem is not mature.
The company had recently launched CarBay.co.id in Indonesia to provide local information on new and old cars in the Indonesian language.
http://www.dealstreetasia.com/stories/india-cardekho-on-the-lookout-for-acquisitions-in-indonesia-other-se-asian-markets-9418/
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