Venture capital firms have supported niche e-commerce firms in India like CarDekho.com and Lenskart because they are profitable but require less capital, The Financial Express reported.
Cardekho
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Sequoia Capital is backing GirnarSoftware with USD 15 million in investment for a 20% stake in the firm. GirnarSoftware owns Internet websites Cardekho, Bikedekho and Pricedekho.
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