Online auto portal CarDekho has acquired Zigwheels, an auto portal owned by Times Internet. This is the second big acquisition by Jaipur-based Girnar Soft, which runs the CarDekho, BikeDekho and PriceDekho sites, after it bought out Naspers-backed Gaadi.com a year ago. After the acquisition, Zigwheels which has traffic of which 8 million monthly visits, will work as an independent entity within the Cardekho group. Besides Zigwheels.com, the Times group also publishes a supplement by the same name which will remain with the media group.

Beside Gaadi.com, Cardekho has also acquired BuyingIQ, a price comparison portal and shopping engine founded by IIT graduates. CarDekho was valued at $300 million, when it received $50 million in a fresh financing round led by China’s Hillhouse Capital, which manages $14 billion in assets, Tybourne Capital and its existing investor venture fund Sequoia Capital. Ratan Tata and HDFC Bank, India’s second largest private bank by assets, have also picked up minority stakes in the classifieds major.