Thursday, November 06, 2008 1:03 PM by
Banwari Lal Sharma
CarWale.com, India’s leading automotive Internet portal, announces the successful completion of a 'Series A' round of financing. The investment was led by Sierra Ventures, a Silicon Valley-based venture capital firm with more than $1.5 billion under management and a successful track record of investing in technology companies in India. This funding will be used to fuel CarWale’s growth strategy including expanding sales distribution, increasing marketing efforts, and continuing investment in product activities.
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