Girnar, the owner of auto portals CarDekho.com & Gaadi.com, has acquired Zigwheels.com from Times Internet. Consequently, Times Internet is now an investor in Girnar Software, alongside Sequoia Capital, Hillhouse, Tybourne, Ratan Tata and HDFC Bank.
Girnar Software Group’s automotive properties claims 30 million monthly visitors across CarDekho.com, Gaadi.com, Zigwheels.com, BikeDekho.com, TyreDekho.com.
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.
This is Girnar Software’s second major acquisition. Last September, it acquired the Nasper Group-owned Gaadi.com, to grow in the digital used car segment and strengthen its management team.
The core business model of Girnar Software is earnings from lead generation for new and used cars, media sales on their portals, as well as monetising the lifecycle of a car owner via CarBuddy app. The group boasts of more than 5,000 new and used car dealer tie-ups across the country, the largest among auto portals.
On the back of its strong products and experience of building India’s market leading auto destination, Girnar Software is also expanding aggressively across SE Asia, Africa, Middle East and South America to create the largest such business across emerging markets.