Gaadi.com Parent GirnarSoft Raises $3.6 Mn From Trifecta

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GirnarSoft (also known as Girnar Software), the parent company of automobile portals like CarDekho.com and Gaadi.com, has raised  $3.6 Mn (INR 25 Cr) in debt fund from Trifecta Venture Debt Fund-I, as per the ministry of corporate affairs (MCA) filings accessed by Inc42.

Girnar Software, which has its offices in Jaipur, Hyderabad, Gurugram and Mumbai was founded in 2007 by Amit Jain and Anurag Jain. Besides CarDekho.com and Gaadi.com, the company also owns BikeDekho.com, Zigwheels.com, BusesDekho.com, among others.

In February this year, GirnarSoft entered into a partnership with Times Internet. The partnership is said to allow GirnarSoft to reach over 17 Mn in-market car buyers and 10 Mn in-market bike buyers, assisting them at every stage of their decision making.

The company went international in 2015 with the launch of CarBay.com in multiple countries in Southeast Asia, Africa and the Middle East. Last year, GirnarSoft appointed Pragya Kumar as its chief people officer.

GirnarSoft caters to various services including website designing, website development, ecommerce site building, mobile app development, internet marketing, among others. It also offers auto loans through tie-ups with banks and conducts pre-inspection of used cars listed on its platform.

Prior to this, GirnarSoft had raised $2.3 Mn (INR 16 Cr) from Sequoia Capital in an internal round of financing and in 2013, Sequoia Capital had invested $15 Mn.

Source: INC42

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