CarDekho.

com, the flagship portal of GirnarSoft announces CarDekho Accolade Indias firstever consumer choice awards in the automobile space. Cardekho Accolades, presented by
Snapdeal.com and co-sponsored by HP, are the ultimate prize for car and Bike manufacturers
in Indian market. The awards are 100% consumer choice and will be adjudged basis the
unbiased online voting system managed through cardekho.com microsite
http://awards.cardekho.com.

About Cardekho.com
Cardekho.com is a flagship portal of Girnar Software Pvt. Ltd. founded in March 2008.
Cardekho.com is today Indias most popular and leading auto portal catering to the aspiring
buyers, the proud owners, the auto enthusiasts and die-hard fans and dealers of cars across
the country. CarDekho served a record 3.4 crore unique visitors over the first 4 years of its
existence. At present, the website is drawing close to 11 million visits per month with 7.5
million unique visitors per month. The company recently acquired another top automotive
portal Gaadi.com to add to its used car portfolio. Recent winner of the prestigious Website of
the Year 2014 award, cardekho.com has been presented with various tokens of appreciation
by a number of esteemed institutions, including the awards for the Best Car Website 2012,
Most Popular Website 2012 and Website of the Year India given twice in a row in 2011
and 2012. The portal won its first Best Automotive Website of 2009 award at the beginning
of the journey.
For more details, visit: www.cardekho.com
About Girnar Software
Girnar Software is an ISO 9001 certified focused IT company working on offshore products
and outsourced software development. The group company was valued at Rs. 250 crores
when it picked up its first ever round of funding from Sequoia Capital in 2013. Girnar Soft is
now looking to pick up Rs. 300 crores in a second round of funding, and is expected to be
valued at close to Rs. 1500 crores now. The groups vision is to be a billion dollar company
before 2021 with global footprint by creating innovative products and services.

The organized used car sellers offer exchange and finance schemes in order to attract a large
number of buyers into the used car business. The used car sales in this market has picked up and
has been growing at a CAGR of nearly 21.1% (in revenue terms) during FY2008-FY2013 and is
expected to grow even further as more carmakers are entering in the used car market.

The used car market in India can also be segmented into four major categories of cars. As per
industry standards, the A segment consists of entry-level cars with length under 3.6 meters and B
segment consists of compact cars with length under 4 meters. D+ segment cars were the largest
contributor to the market revenue as of FY2013 followed by D segment cars with a combined
share of ~% for both. Both A and B segments contributed nearly ~% to the revenue generated by
the used cars in India, as recorded in FY2013.

The major market players in the used car market in India at present are Maruti, Tata, Mahindra,
Hyundai, Honda and Toyota. In FY2013, Maruti True Value had a market share of ~% in the entire
market on the basis of the volume of used cars sold which amounted to approximately ~ used cars
in FY2013 as compared to ~ used cars sold in FY2012. The used car segment of Hyundai
Advantage sold nearly ~ used cars in FY2013 which was ~% of the share of used car market in
India

A total traffic of 100 Million (10 crore) for viewing cars and bikes in 2014 was recorded
representing a growth of 45% over previous year. Given the increase in number of smartphone
users, post the launch of cardekho.com app, the website traffic showed a growth of 165% over
previous year. A clear preference of cardekho.com app amongst users was visible as it has been
downloaded by more than 600,000 people in a short span of 6 months of the release.

We had close to 3,00,000 used cars listed on our website during 2014, up by 110% from last
year's data. The leads from buyers have seen a hike of 35% from last year. Users have
numerous options to choose from and a friendly expert to help them arrive at a car buying
decision at cardekho.com."

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