Financials / Deals


Girnar Software revenue up 32% in FY2017

Girnar Software revenue up 32% in FY2017

Jaipur-based Girnar Software, owner of a clutch of auto classifieds, including CarDekho, ZigWheels and Gaadi, reported a 32-percent rise in revenue y-on-y, and a 5-percent drop in the loss in the financial year which ended March 2017. This was clear from the company’s regulatory filing with the Registrar of Companies (RoC), and first reported by Live Mint. In FY2017 (to end-March 2017) Girnar generated total...

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Rocket Internet divests stake in Carmudi Vietnam

Rocket Internet divests stake in Carmudi Vietnam

Asia Pacific Internet Group (APAGIC), a subsidiary of Berlin-based incubator Rocket Internet, sold 95 percent of its stake in auto marketplace Carmudi Vietnam to a Swedish-Vietnamese IT service provider Fram, in a cash-only deal worth $50,000 U.S., reported Tech in Asia on Nov. 27.



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