GirnarSoft | Pixr8 News

4Jan By NitishNo Comments

FUNDING

India’s leading Automobile Portal Cardekho Raises $110 Million Series C Funding

CarDekho, the flagship portal of GirnarSoft, on Thursday said it has raised USD 110 million (over Rs 770 crore) from various investors which it plans to utilise to expand its various business verticals. The company has raised the capital in a Series C funding with investments from Sequoia India, Hillhouse, CapitalG (Alphabet growth investment arm) and Axis Bank. “We plan to infuse the raised capital in used car business, insurance and finance verticals. These segments have huge potential to scale up and we are completely focused on getting them to a massive scale,” CarDekho CEO and co-founder Amit Jain told PIXR8 News. With this latest round of funding, the company has so far raised a total of USD 185 million, he added. CarDekho works directly with more than eight c...

GirnarSoft Acquires SaaS Startup Connecto

GirnarSoft, the parent company of India's top auto portals CarDekho.com, Gaadi.com and Zigwheels.com, has acquired SaaS startup Connecto in a cash and stock deal. With this acquisition, GirnarSoft will leverage Connecto's tools to improve user experience across all the websites and apps of the company. Connecto has built device-agnostic tools to help product managers and marketers communicate more efficiently with their customers. It provides users with services like notification engine, A/B testing, custom integrations and automatic user profiles creator. Talking about the new acquisition, Amit Jain, Co-founder and CEO, GirnarSoft, said, "Being a tech-intensive company, we are always on the look-out for more hi-tech startups to augment our tech expertise. Connecto will help us creat...

GirnarSoft Acquires Road Side Assistance Co. Help On Wheels

GirnarSoft, which owns auto portals CarDekho.com, Gaadi.com and Zigwheels.com, today announced acquisition of road side assistance company Help On Wheels in an undisclosed all cash deal. The move will bolster the operations of GirnarSofts road side assistance (RSA) vertical, the company said in a statement. Founded in 2014 by Lalit Parmar and Nirmal Mitra, Help On Wheels has a client base of over 50,000 customers. It has a team of over 50 people to manage its operations and customer service. All the team members will join GirnarSoft. Both the founders will report to CarDekhos RSA vertical Car Owners Business CEO Ankur Agarwal. "Help On Wheels will help our road side assistance business scale faster, not only by giving us an established service network and client base, but also ...