India: CarDekho parent acqui-hires virtual reality startup Drishya360s

Team Girnar Soft

Girnar Soft, the parent company of online portals like CarDekho.com, Zigwheels.com and Gaadi.com, has acquired virtual reality firm Drishya360s in a cash and stock deal, according to a statement.

Founded in 2010 by Shashanka Adiga, Drishya360s is a premier photography and video production, augmented reality, virtual reality, and web-designing and hosting firm.

As part of the acquisition deal, all employees of Drishya360s along with its founder Adiga will join Girnar Soft. Adiga will report to Girnar Soft’s director – strategy Rahul Yadav, the statement added.

“The acquisition of Drishya360s is a step in our long-term growth strategy and enables us to develop interactive virtual reality solutions for our portals. By using and upgrading Drishya360s’ existing technology interface, we are confident that we will deliver the highest level of user experience,” Yadav said.

With this acquisition, Girnar Soft will build interactive virtual reality technology and augmented reality platform for CarDekho, Gaadi, BikeDekho, among others. Additionally, Girnar Soft will also leverage Adiga and his team’s experience to develop online and offline advertising solutions.

“Drishya360s was established with an aim to simulate and recreate a virtual reality interface that enabled a real-life experience over a digital medium. Joining Girnar Soft will allow us to integrate our existing technical framework into its robust technological infrastructure and develop world-class augmented reality solutions for businesses,” Adiga said.

With companies such as CarDekho.com, BikeDekho.com, ZigWheels.com and TruckDekho.com under its banner, Girnar Soft has been working on developing virtual and augmented reality solutions to take user experience to another level. CarDekho recently launched Feel the Car,’ with which a consumer gets immersive experience of car to help in decision making.

Drishya360s is the fourth startup acquired by Girnar Soft in the last 18 months. Earlier it had acquired Gaadi.com, Zigwheels.com, and BuyingIQ.

Also Read: India: Cardekho plans global  expansion, to acquire 5 portals by March 2016

India’s CarDekho scouting for acquisitions in Indonesia & South East Asia

India: Online auto marketplace CarDekho buys Zigwheels

 

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.