Cardekho completes Zigwheels acquisition

Cardekho, run by Girnar Software Pvt Ltd, officially completed the Zigwheels acquisition on Monday. Times Internet, which ran Zigwheels, will now be an investor in the company alongside Sequoia Capital, Hillhouse, Tybourne, Ratan Tata and HDFC Bank.

This is Girnar Software's second major acquisition after it acquired Gaadi.com last September and reportedly became the leader in the digital used car segment.

Cardekho's primary source of revenue is from lead generation for new and used cars and media sales on their portals. The group claims it has more than 5,000 new and used car dealer tie-ups across the country.