Zigwheels | 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...

Acquisitions: CarDekho acquired Times Internet Owned Auto Portal Zigwheels

Setup back in 2008, Cardekho was founded by a team of four people as an initiative towards providing a quality information in a quality environment on one of the biggest assets that a person owns in his lifetime. Recently Ratan Tata backed that Cardekho.com is acquiring Times Internet owned auto portal Zigwheels. The details of the purchase are yet not disclosed. Cardekho’s CEO and Co-founder confirmed the news and said that “The acquisition of Zigwheels is a strategic step to enhance our content to be more rich and engaging so that we help car and bike buyers. Zigwheels will work as an independent entity within the organization.” After the acquisition of Goibibo’s Gaadi.com in September 2014 and BuyingIQ, a price comparison portal and shopping engine founded by IIT graduates, in April...