Girnar Software raises funds from Google Capital

Girnar Software, the parent firm of auto portals CarDekho.Com, Gaadi.Com and Zigwheels.Com, today announced receipt of an undisclosed investment from Google Capital with participation from existing investor Hillhouse Capital.
The latest investment follows a USD 50 million funding round led by Hillhouse Capital, with participation from Sequoia Capital and Tybourne Capital, the company said in a statement.
The new funding will be used to further bolster technology, R&D and expansion within and outside of India, it added.
Commenting on the development, Girnar Software co-founder and CEO Amit Jain said: "Google Capital is one of most respected growth equity investors in the world, and brings to us the resources and expertise from the one of the most valuable technology companies on the planet."

Google Capital Partner David Lawee said: "We hope that through our investment and ongoing support, we'll help them cement their position in India, as the destination for all car related information and transactions, and grow into new markets regionally and globally."
Having launched its services beyond Indian borders with the launch of CarBay.Com in Malaysia, Thailand, Vietnam, Philippines and Indonesia, Girnar Software will be looking to consolidate its presence in India as well as other emerging economies in Asia and the Middle East, the company said.
HDFC Bank and top industrialist Ratan Tata are among the well known investors in the company.