Cardekho.com - Current Affairs Questions and Answers

1)   Jaipur based website firm CarDekho is acquiring which auto portal owned by Times Internet and what is the name of its parent company?

a. Zigwheels and Girnar Soft
b. Gaadi.com and Infotech Soft
c. Zigwheels and Infotech Soft
d. Gaadi.com and Girnar Soft
Answer  Explanation 

ANSWER: Zigwheels and Girnar Soft

Explanation:
CarDekho is acquiring auto portal Zigwheels run by Times Internet. This is the second largest acquisition by Girnar Soft after it purchased Nasper owned Gaadi.com a year back. Girnar Soft runs CarDekho, BikeDeokho and PriceDekho sites. The co founder and CEO of CarDekho is Amit Jain. Combined entity of CarDekho, Zigwheels and Gaadi.com will compete with Cartrade.com and Carwale.com as well as horizontal classified companies like Olx and Quikr. Times Internet is part of Times Group. Zighweels receives 8 million visits per month while CarDekho and Gaadi.com receive 25 million visits per month. CarDekho was valued at USD 300 million earlier in the year.