Car portal CarDekho has acquired Times Internet* owned auto portal Zigwheels for an undisclosed amount, reports TOI. The company told TOI that the acquisition would help CarDekho to enhance its content. Zigwheels will operate as an independent entity under the group. The report stated that Zigwheels saw an estimated 8 million monthly visits, while CarDekho saw around 25 million monthly visits, including traffic to Gaadi.com, which CarDekho acquired in September last year. While the financials of the deal were not disclosed, reports estimated the acquisition to be at $11 million. At that time, Amit Jain, founder & CEO of CarDekho had said that Gaadi would continue to operate independently and that the acquisition would enable CarDekho to focus on the pre-owned car business, which then accounted for 10% of its revenues. CarBay for Malaysia and Thailand In July, CarDekho launched…
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