GirnarSoft Group, owner of leading auto portals CarDekho.com & Gaadi.com, and Times Internet Limited acquires Zigwheels.com, one of the India’s leading automotive website.
“Having been a part of India’s leading and most respected media group, Zigwheels.com comes with a very strong content pedigree,” said Amit Jain, Co-founder, and CEO of Girnar Software. He further adds, “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”.
Zigwheels.com will continue to evolve and operates as an independent entity under the GirnarSoft group. Zigwheels is very excited to join and partnering with the phenomenal team of Girnar Software says Satyan Gajwani, CEO of Times Internet. He further adds that Zigwheels has grown exceptionally well and successful in opportunities for value creation in the online auto industry in India and overseas. He is confident that the acquisition will help the company to grow across the globe in the coming years.
“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”.
Girnar Software group has received $50 million from Hillhouse, Tybourne, and Sequoia Capital. The group also received significant funding from Ratan Tata and a strategic investment from HDFC Bank. GirnarSoft’s automotive arm manages to receive traffic of 30 million visitors each month, the achievement made the company as India’s number one automotive destination for consumers, dealers, OEMs and other industry stakeholders.
Girnar Software SEZ Private Limited is a business value focused IT company working on offshore products and outsourced software development. Founded in the year 2007, the company holds the reputation of offering advanced solutions in the domain of mobile and web.
The company has made investments across multiple domains in India, including Auto, Telecom & e-Commerce. Of the investments made, www.CarDekho.com commands a special mention as it has become #1 ranked auto portal in India in terms of traffic and generates significantly high business.