#Asia Google Capital invests in CarDekho’s parent Girnar Software

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The company also runs CarBay.com in Malaysia, Thailand, Vietnam, the Philippines and Indonesia

Girnar Soft Founders

Gurgaon-based Girnar Software, owner of Indian auto portals CarDekho.com, Gaadi.com and Zigwheels.com, has received an undisclosed sum in investment from Google Capital. Existing investor Hillhouse Capital also participated.

A major part of the new funding will be used to further bolster technology, R&D and expansion of CarDekho within and outside of India.

Having launched its services beyond Indian borders with the launch of CarBay.com in Malaysia, Thailand, Vietnam, the Philippines and Indonesia, Girnar will be looking to consolidate its presence in India as well as other emerging economies in Asia and the Middle East.

Also Read: CarDekho acquires price comparison portal BuyingIQ

The latest investment for Girnar follows a US$50 million funding round led by Hillhouse, with participation from Sequoia Capital and Tybourne Capital. HDFC Bank and Ratan Tata, Chairman Emeritus of Tata Sons, are also investors in Girnar.

cars“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. Having them on our shareholder roster encourages us to keep raising the standard of our tech offerings as we create the premier automotive digital destination for the emerging markets,” Amit Jain, Co-founder and CEO, Girnar Software, said.

Girnar Software is one of India’s leading consumer Internet companies. In addition to the car portals, it also operates digital properties such as BikeDekho.com and PriceDekho.com.

A few months ago, it Girnar invested US$1 million in online education marketplace CollegeDekho.

Google Capital is a growth equity fund backed by Alphabet. The fund invests in companies that are driving disruption in their markets through long-term technology trends. The Google Capital team works with entrepreneurs to identify where we can make the biggest difference, and connects them with the right expert advisors across Google’s technology, product and business leaders to help. Google Capital’s investments to date include SurveyMonkey, Lending Club, Credit Karma and Freshdesk (India).

The post Google Capital invests in CarDekho’s parent Girnar Software appeared first on e27.

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