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Online auto classifieds portal CarDekho.com to acquire Zigwheels

Last year, the Jaipur-based company had acquired Gaadi.com.

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Online automobile classifieds portal CarDekho.com is set to acquire Times Internet's Zigwheels, a Times of India report has said. 

The acquisition move comes about an year after the Jaipur-based company acquired Gaadi.com. With the current acquisition, Girnar Soft, the parent company, can now count CarDekho, BikeDekho, PriceDekho, Gaadi.com, and soon, Zigwheels, under its umbrella. 

As more and more people take to the internet everyday, and the base only set to increase, more and more companies are entering into the e-portal space for automobile classifieds. 

In the sector, Cardekho goes up against Cartrade.com and Carwale.com. Even e-commerce websites like Quikr and Olx have joined the race; the former with Quikr Cars, a portal to buy used cars, and Olx, that lets users sell their old cars on the online portal. 

In February, CarDekho.com received an undisclosed amount of investment from Tata Group chairman emeritus, Ratan Tata. It was at this time, that the company's CEO Amit Jain, had revealed that CarDekho.com will not only focus on marketing and hiring in the future, but will also look at "few smaller acquisitions" to enhance business operations. 

CarDekho's parent company, Girnar Soft, is valued at $300 million. The company's Chief Operating Officer Anurag Jain said has said that the company will be looking to double its workforce by hiring 1,000 more people this year. 

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