ZIGWHEELS
CarDekho Group forays into UAE market
CarDekho Group has entered the UAE market, tying up with Raya Holdings to enhance the car-buying experience for consumers. CEO Amit Jain highlighted the alignment with UAE's 'Vision 2030' for sustainable transport. This expansion builds on CarDekho's presence in Southeast Asia under the OTO, Carmudi, and Zigwheels brands.
CarDekho SEA raises $60 million from Navis Capital, Dragon Fund
CarDekho's South Asia unit secured $60 million in funding, led by Navis Capital Partners and Dragon Fund. The investment will bolster its used vehicle financing operations in Indonesia and the Philippines, aiming to expand its market share and reach. The company has already disbursed over $1 billion in loans and achieved significant growth since its 2020 launch.
CarDekho’s parent lands $110m from Sequoia, others
New round values firm between $400 m & $500 m, Axis Bank in investor list.
CarDekho raises $110 million to expand used car business
With this latest round of funding, the company has so far raised a total of $185 million.
GirnarSoft brings on board former HR head of Yatra as its Chief People Officer
At GirnarSoft, Kumar will take over from Ankur Agarwal, the business head of the insurance unit at the company, who was also handling the human resources function temporarily.
With losses mounting, used car players have a challenging year ahead
Growing at an annual rate of 15%, the market was set to cross 33 lakh units by the end of last year. However, demonetisation in early November dealt a blow.
Girnar Software to cut 136 jobs in restructuring exercise
The company, which has been on an acquisition spree over the past two years, is cutting the jobs in order to keep its commitment to the board to become a profitable firm by the first quarter of the next fiscal and reduce "dependence on external investor funds".
GirnarSoft buys Valueserve in a cash deal
This is GirnarSoft's ninth deal in the last two years. Earlier it made a strategic investment in Advanced Structures India.
Girnar Soft appoints Umesh Hora as CFO
Jaipur-based Girnar Soft which runs auto portals like CarDekho.com, Gaadi.com, and Zigwheels.com has appointed Umesh Hora as its CFO.
Girnar Software buys Zigwheels.com; Times Internet picks stake in Girnar
Girnar Software has acquired Zigwheels.com from Times Internet for an undisclosed amount to consolidate its leadership in online auto portals space.
CarDekho set to acquire Zigwheels
In another move signalling consolidation in the online auto classifieds space, Jaipur-based CarDekho is acquiring Zigwheels, an auto portal owned by Times Internet.
Times Internet Sweeps WOTY awards
The brands are key properties of Times Internet-the largest Indian Internet Network which is also the digital venture of Times of India Group.
Times Internet Limited leads Indian online space yet again
Times Internet Ltd has once again been ranked as the country’s top internet network by Comscore, an agency that tracks online traffic.
TIL top Indian network in Indian online space
Times Internet limited is ahead of other internet networks like Rediff and Web 18, and comes overall seventh in India, behind networks like Google and Facebook.
Avoid over-revving
Avoid revving the engine unnecessarily - this wastes fuel and increases harmful emissions. Modern car engines are efficient from the moment they are switched on.
Plan your journey to save fuel
Plan your journeys to avoid peak periods, road works and getting lost -- you will have a more relaxing journey and waste less fuel.
Regularly check tyre pressure
Check your tyre pressures often. Under-inflated tyres can cost you eight percent more fuel and they'll wear out faster too.
Drive at the posted speed limits
Drive at the posted speed limits. This is a tip that will help save fuel as well as lives.
Don't idle for more than 30 seconds
Don't idle for more than 30 seconds. Today's engines don't need to be warmed up. Prolonged idling creates excess emissions and wastes fuel.
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