MAM
CarDekho buys Zingwheels; Times Internet invests in Girnar
MUMBAI: In a bid to consolidate its position in the auto portals space, Girnar Software, which owns CarDekho.com & Gaadi.com, has acquired Zigwheels.com.
Additionally, Times Internet has come on board as an investor in Girnar Software along with Sequoia Capital, Hillhouse, Tybourne, Ratan Tata and HDFC Bank.
Zigwheels.com will operate independently within the Girnar Software umbrella.
“Having been a part of India’s leading and most respected media group, Zigwheels.com comes with a very strong content pedigree. This strategic acquisition reinforces our commitment to further enrich our content to enable us to engage even more deeply with our consumers. This also takes our market leadership to the next level in the digital auto vertical across visitors, dealer base and revenues,” said Girnar Software CEO Amit Jain.
“We are delighted to welcome Times as a new investor in our company and look forward to their support as we continue our journey and further consolidate our leadership in the online auto space,” added Jain.
“We see tremendous growth and value creation opportunities in the online auto industry in India and overseas. Girnar Soft, as the leader in this space, is best positioned to take advantage of this opportunity. We are excited to be partnering with an exceptional management team which has built great value and we are confident will continue to blaze trails in the years to come,” added Times Internet CEO Satyan Gajwani.
This is Girnar Software’s second acquisition. Last September, the company acquired the Nasper Group-owned Gaadi.com, to fortify its position in the digital used car segment.
The core business model of Girnar Software is earnings from lead generation for new and used cars, media sales on their portals, monetising the lifecycle of a car owner via CarBuddy app.
The company is also expanding across SE Asia, Africa, Middle East and South America.
The Rainmaker Group (TRMG) is the financial advisor to Girnar Software for the transaction.
Brands
Origen Realty names Preeti Rai as president- sales & strategy
Veteran hire signals push into Gurugram market with growth ambitions
GURUGRAM: Origen Realty has appointed Preeti Rai as president for sales and strategy, as the company gears up to enter the competitive Gurugram property market.
The move brings in a seasoned industry hand with over two decades of experience across residential and commercial real estate. In her new role, she will lead the company’s sales operations and go-to-market strategy, with a focus on building a strong foothold in Gurugram and driving early momentum.
Origen Realty management said the appointment marks a key milestone in its expansion plans. Origen Realty management said the hire will help sharpen execution and strengthen the company’s sales-led growth strategy as it steps into a new market.
Preeti Rai said, “I look forward to being part of Origen Realty at a pivotal stage in its journey and contributing to building a strong presence in the Gurugram market.”
Before joining Origen Realty, she served as senior vice president for sales and marketing at Elan Group. Her career also includes stints at major developers such as DLF Universal Ltd, Today Homes and Infrastructure, Paras Buildtech Pvt Ltd and Ambience Infrastructure Ltd, where she built expertise across channel sales, leasing, and end-to-end deal execution.
Known for her focus on strategy and team leadership, Rai is expected to play a central role in shaping Origen Realty’s market positioning and sales ecosystem in the region.
As Gurugram’s real estate market continues to attract fresh investments and new entrants, Origen Realty’s latest leadership hire signals its intent to compete with a clear, sales-driven playbook.
