SILICON VILLAGE

Thursday, July 6, 2017

Online Automobile Market Player GirnarSoft Successfully Completes 10 Years In India

GirnarSoft, leaders in the online automobile market in India and parent company of leading portals CarDekho, Gaadi, and Zigwheels has successfully completed 10 years of operations. The company has grown to reach consolidated revenue of US$17.5 million in FY2017.

Beginning its journey in 2007, GirnarSoft is the brainchild of two IIT grads Amit and Anurag Jain, brothers who realized the need for an evolved user experience in the auto search space thus giving birth to India’s leading auto focused portal, CarDekho. Since then, CarDekho.com has been credited with revolutionizing the auto search space by providing end-to-end solutions. The company has not only created a niche positioning for itself as an industry expert but has also established itself as a complete ecosystem for consumers, car manufacturers, dealers and related businesses across the country.

Over the years, GirnarSoft, under Amit and Anurag’s guidance and with the support of a well experienced team has built itself as a brand synonymous with superior quality in automobile search and lead generation business in the country. The company successfully ventured into new businesses like BikeDekho, PriceDekho, TrucksDekho, TyreDekho, CollegeDekho, with investments from veterans like Mr. Ratan Tata, Google Capital and Sequoia Capital.  Post the acquisition of Gaadi.com and Zigwheels.com; from Naspers and Times Internet in the year 2014 and 2015 respectively, the company also acquired 6 more start-ups in 2016, making it the number one player in the segment.

Commenting on the milestone, Amit Jain, CEO and Co-Founder, Girnar Soft Pvt. Ltd. said, “Ever since its inception, we have strived to establish CarDekho as a one-stop-destination for everyone interested in purchasing a car. It is our pleasure to announce that within a decade of its operations, CarDekho has managed to not just become a trusted name amongst consumers but also an acknowledged industry expert. We are focused on providing superior customer experience and availing them comprehensive solutions for their needs. The growth of our brand is a testimony of our quality and hard work, and we are confident that in the years to come CarDekho will be able scale much greater heights.”

Today, CarDekho is one of the most sought after sites for latest news and views in the world of automobiles, receiving 40 million unique monthly visitors and 225 million monthly page-views.

CarDekho.com is a flagship portal of Girnar Software Pvt. Ltd. founded in March 2008. CarDekho.com is today India’s most popular and leading auto portal catering to the aspiring buyers, the proud owners, the auto enthusiasts and die-hard fans and dealers of cars across the country. The company acquired Gaadi.com, Zigwheels.com, Buying IQ and Drishya360s. The auto portals together draw close to 40 million visits per month. The company concluded its Series B funding in Jan 2015, picking up US$50 million from two Hong Kong-based investors Hillhouse and Tybourne besides existing investor Sequoia. Google Capital invested in the company in March 2016. It also bagged funding from Mr. Ratan Tata and one of the largest banks HDFC. GirnarSoft is now valued at US$400 million. The group’s vision is to be a multi-billion dollar company by 2021 with global footprint.

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