INDIAN automotive technology company CarDekho Group has acquired local automotive website Carmudi Philippines, Inc.
CarDekho in a statement Monday said it is expanding across South East Asia, tapping the Philippine company after expanding to Indonesia with OTO.com in 2016.
With this acquisition, the statement said, CarDekho’s technologies are expected to upgrade the buying and selling website experience for Carmudi. The companies are also expected to introduce new products and innovations.
“CarDekho’s backing is a major boost for Carmudi Philippines as we continue to strengthen our position as one of the top automotive platforms in the country. This means added enhancements in technology, processes, and platform experience,” Carmudi Philippines chief executive officer Cholo Syquia said.
“Carmudi is already known for quality listings, powerful search, and one-stop convenience but the collaboration with CarDekho is how we push potential for our site visitors. We are keen for buyers and sellers to experience the difference and benefits right away.”
Carmudi Philippines employees will retain their current standing.
Founded in 2008, CarDekho is one of India’s largest automotive platforms, with its business focused on new and used car selling across multiple websites.
They also operate motor and health insurance at InsuranceDekho.com, and offer specialized portals like TyreDekho and TrucksDekho.
“The group has digitized the entire Indian automotive ecosystem by leveraging on content, digital migration, advanced technologies, and partnerships with various automotive manufacturers,” the company said.
CarDekho is the flagship portal and subsidiary of software development company GirnarSoft. — Jenina P. Ibañez