CarDekho acquired Auto portal Zigwheels

Sep 12, 2015 12:58 IST

Jaipur-based CarDekho on 11 September 2015 acquired Zigwheels, an auto portal owned by Times Internet. The combined entity of CarDekho, Gaadi.com and Zigwheels will compete with the likes of Cartrade.com and Carwale.com.

After completion of the acquisition, Zigwheels will work as an independent entity within the group.

 About CarDekho
• CarDekho is a subsidiary of Girnar Soft, which runs the CarDekho, BikeDekho, PriceDekho sites and Gaadi.com as well.
• The idea of the flagship CarDekho was kicked off by brothers Amit and Anurag Jain, both IIT-Delhi alumni, after their visit to the Delhi Auto Expo in 2008.
• The company received its first institutional round by Sequoia Capital in 2013.

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Quick Digest

Who: CarDekho

What: Acquired Zigwheels

When: 11 September 2015

Is this article important for exams ? Yes11 People Agreed
Read more Current Affairs on: CarDekho , Zigwheels , acquisition

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