Girnar Soft acquires roadside assistance startup Help On Wheels
07 April 2016
GirnarSoft, the parent company of auto portals CarDekho.com, Gaadi.com and Zigwheels.com, has acquired roadside assistance company Help On Wheels Pvt Ltd for an undisclosed sum in an all-cash deal.
The move will bolster the operations of Girnar Soft's roadside assistance (RSA) vertical. Help on Wheels is the fifth startup to be acquired by Girnar Soft in the last two years. Earlier it acquired Drishya360, Gaadi.com, Zigwheels, and BuyingIQ.
''Help On Wheels will help our road side assistance business scale faster, not only by giving us an established service network and client base, but also through the decades of experience its team brings to the table. We will focus on creating the market for roadside assistance, which is a multi-billion dollar market in the US and Europe. We believe it has massive potential in India where the RSA infrastructure is poor," Ankur Agarwal, said.
Founded in 2014 by Lalit Parmar and Nirmal Mitra, Help On Wheels has established a client base of over 50,000 customers.
Help on Wheels has 50 people to manage its operations and customer service, who will be retained by GirnarSoft. Founders Parmar and Mitra will report to Car Owners Business' CEO Ankur Agarwal.
''We believe that there is huge synergy between CarDekho and Help on Wheels. With our operational experience and Cardekho's technology prowess, we intend to bring innovative products in this area. Our focus will be to scale up the business in a sustainable way by using technology to deliver great service quality at minimal costs,'' said Lalit Parmar, Founder, Help On Wheels.