PE Fund Investments
Capri Global Holdings acquires 51% stake in CarLelo for Rs.150-Cr
Mumbai-headquartered Capri Global Holdings Pvt Ltd (CGHL) has acquired 51% stake in Delhi-based CarLelo, an online new car selling platform, for INR 150 crore. CarLelo will use the funds to improve its presence, services, and technology, and to acquire new customers. CarLelo currently has 1,200 associates across 34 cities in India. The company plans to “handhold†8,000 plus authorised dealerships in the country to enhance customers' digital buying and selling experience. With its innovation in online new car sales, the company aims to sell around 7,000 to 8,000 cars every month.
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