CarDekho acquires Zigwheels, competition heats up

12 Sep 2015 | By Vaneet Randhawa
CarDekho- creating ripples in online automobile space

CarDekho, the online auto classifieds space is all set to acquire Zigwheels, the Times Internet owned auto portal.

The exact financial details of the transaction were not disclosed.

The united entity of CarDekho,, and Zigwheels were pegged against bigger players and

Players like Quikr and Olx could also prove tough competition in coming years.

In context: CarDekho- creating ripples in online automobile space

Introduction CarDekho skids into existence

CarDekho was started by brothers Amit and Anurag Jain (both IIT-Delhi alumni) after a visit to the Delhi Auto Expo in 2008.

It is an online marketplace for people to purchase and sell "used as well as new cars."

The site also provided data on car insurance and finance.

CarDekho also partnered with car manufacturers following a multiple-revenue model.

From a garage and 2 laptops to CarDekho

CarDekho was started by Amit Jain with his brother in a garage in Bengaluru with two laptops in 2007.
Love Start-Ups news?
Stay updated with the latest happenings. to ride with CarDekho now

30 Sep to ride with CarDekho now

CarDekho acquired another automobile site, Naspers Group-owned for an undisclosed sum.

After the acquisition, both the firms which focus on used ( and new (CarDekho) cars will continue to run as separate entities.

The company CarDekho that also runs and said that the present acquisition was an integral part to its expansion strategy.

28 Jan 2015CarDekho raises $50 million investment owned by Jaipur-based Girnar Software Pvt Ltd accumulated $50 million (around Rs.307 crore) in the Series B round funding.

The funds came from Hillhouse Capital, Chinese investment management firm and Hong Kong-based Tybourne Capital.

The existing investor Sequoia Capital also participated in the round.

The company said the funds would be used for brand building and marketing and innovating the mobile app.

CarDekho reaches valuation of $300 million

After the Hillhouse investment, CarDekho was valued at $300 million.

9 Feb 2015Tata honcho hitches a ride with CarDekho

Mr. Ratan Tata, revered ex-Chairman of the Tata Sons conglomerate announced his plans to invest in the Indian Auto space

The company's founders said that Mr. Ratan Tata's involvement was a boost considering his contribution to the automobile industry.'s revenue saw a three-fold jump since 2013 after the company got series A funding of $15 million from Sequoia Capital.

Love Start-Ups news?
Stay updated with the latest happenings.

12 Sep 2015CarDekho acquires Zigwheels, competition heats up