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GirnarSoft acquires vehicle assistance company Help On Wheels

helponwheels

GirnarSoft, the parent company of CarDekho, Gaadi and Zigwheels, has acquired roadside assistance company Help On Wheels in an all cash deal. The company mentions that this acquisition will help boost its roadside assistance vertical.

Founded in 2014 by Lalit Parmar and Nirmal Mitra, Help On Wheels provides emergency roadside assistance in the Delhi NCR region. It offers services like on the road repair, towing, fuel, jump start and flat tyre help. It provides other services like insurance booking and new vehicle registration as well.

GirnarSoft funding: Note that GirnarSoft raised an undisclosed amount of funding last month from Google Capital and participation from existing investors. The company had said then that it would use the funds for technology, R&D and expansion within and outside India. n April 2015, the company raised an undisclosed amount of investment from HDFC Bank, about three months after raising Series B funding worth $50 million.

Other acquisitions: In December, GirnarSoft acqui-hired Drishya360s, an augmented reality and video production startup in a cash and stock deal, for an undisclosed amount. In September 2015, CarDekho acquired Times Internet* owned auto portal Zigwheels for an undisclosed amount, to enhance its content. In the same month in 2014, it acquired Gaadi. In April 2015, the company acquired price comparison website BuyingIQ for the team and their technology.

New auto portals: In January, the company said that it had plans to launch multiple automobile verticals including ones for batteries, light commercial vehicles, insurance and hyperlocal roadside assistance services in the next 3-4 months. GirnarSoft’s new and old products would transition from being content platforms to ecommerce platforms, while it planned to expand to the Middle East and African regions, and take its new platforms there.

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Other developments:

– In December, GirnarSoft invested $1 million in Gurgaon based CollegeDekho, an online platform which lists college across streams in the country and offers test preparation material.

– In the same month, it appointed Umesh Hora, former CFO of Zomato, as it chief financial officer (CFO). In the same month, Girnar Software also appointed Shobhit Mathur as director of strategy.

– In July, CarDekho launched CarBay, a portal which would provide information on cars in Malaysia and Thailand.

– In May, CarDekho launched a new platform called TyreDekho, which would provide users with tyre-related research tools, reviews and other content. In the same month, it launched 3 websites in Hindi, Tamil and Telugu.

*Disclosure: Times Internet is an advertiser with MediaNama

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