Girnar
Application, which runs several automotive portals in India as well as
CarDekho. com, has raised an undisclosed number of new funding from The search
engines Capital, with participation by returning investor Hillhouse Investment
capital.
This
is the final Indian startup Google Capital has picked up (its portfolio also
incorporates Freshdesk, Commonfloor, and Practo).
Previous
to this round, Girnar Software had already raised at the very least $80
million. In improvement to CarDekho. com, Girnar Application runs car
classifieds web-sites Gaadi. com and Zigwheels. com, ex- competitors which it
received in 2014 and 2015, respectively, in addition to motorbike marketplace
BikeDekho. com.
Girnar
Software expanded it is auto portal business internationally last March while
using the launch of CarBay. com, which often operates in 25 places in Asia,
Africa, the middle East, Europe, North North america, and South America.
This
company plans to continue growing overseas featuring a latest funding by doing
acquisitions, founder and PRESIDENT Amit Jain tells TechCrunch. In its housing,
Girnar Software’s sites finds Indian car sellers in addition to buyers with
value-added products and services, like insurance, car gadgets, tires, and
roadside aid.
According
to a review by Japanese financial corporation Nomura, India’s auto market is
required to grow 15. 6 percent this holiday season, nearly five times faster
versus global growth rate. Factors fueling car property include larger salaries
in addition to pending tax changes that will make buying a auto cheaper.
CarDekho
seeks to help differentiate from rivals, including CarTrade (which has
increased about $175 million), having technology like 360-degree connected with
car interior and exteriors, sound recording recordings of horns, machines, and
ignition, and exclusive reality showrooms. The goal is usually to “ensure that
the purchaser gets an immersive experience of the car model he’s thinking of
before he even goes to a dealer showroom, ” states that Jain. It will improve
it is platform by investing most of its new funding in research and development.
Within a press
statement, Google Investment capital partner David Lawee claimed, “We’re very
excited for being investing in Girnar Application, the parent company connected
with Idia’s leading auto webpage, CarDekho. com. The team is guided by savvy
entrepreneurs that has a strong product orientation, with positioned the
company perfectly within a rapidly growing market. ”
Techsourcenetwork