CarDekho.com acquires Zigwheels.com

Zigwheels from Times Internet Limited has been recently acquired by Giner Software Private Limited, which own auto portals like Cardekho.com and Gaadi.com.
Girner Software Private Limited

One of India’s leading auto portal Zigwheels from Times Internet Limited has been recently acquired by Giner Software Private Limited, which own auto portals like Cardekho.com and Gaadi.com. Consequently, Times Internet is now a potential investor in Girnar Software which is being backed by Sequoia Capital, Hillhouse, Tybournen, Ratan Tata and HDFC Bank.
With a combined traffic of Girnar Software Group’s automotive properties (CarDekho.com, Gaadi.com, Zigwheels.com, BikeDekho.com, TyreDekho.com) at close to 30 million monthly visitors, this transaction consolidates its leadership as India’s #1 automotive destination for consumers, dealers, OEMs and other industry stakeholders.
Zigwheels.com will operate independently as a separate business within the Girnar Software umbrella and will exploit powerful cross-synergies with other platforms and resources within the Girnar Group.
According to Amit Jain, founder/CEO of Girnar Software, “Having been a part of India’s leading and most respected media group, Zigwheels.com comes with a very strong content pedigree. This strategic acquisition reinforces our commitment to further enrich our content to enable us to engage even more deeply with our consumers. This also takes our market leadership to the next level in the digital auto vertical across visitors, dealer base & revenues.”
“We are delighted to welcome Times as a new investor in our company and look forward to their support as we continue our journey and further consolidate our leadership in the online auto space added Mr. Jain”.
According to Satyan Gajwani, CEO of Times Internet, “We see tremendous growth and value creation opportunities in the online auto industry in India and overseas.  Girnar Soft, as the leader in this space, is best positioned to take advantage of this opportunity.   We are excited to be partnering with an exceptional management team which has built great value and we are confident will continue to blaze trails in the years to come.”
This is Girnar Software’s second major acquisition. Last September, it acquired the Nasper Group-owned Gaadi.com, to become the leader in the digital used car segment and strengthen its management team. Cardekho.com has been the consistent leader in the new car segment in India.

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