Times Group has taken a stake in web services company Girnar as part of Girnar's acquisition of Times-owned automotive marketplace Zigwheels.

Media conglomerate Times Group has acquired a stake in India-based web services provider Girnar Software as part of its divestment of online automotive marketplace Zigwheels to the company, E27 reported on Monday.

The precise terms of the deal have not been disclosed. Zigwheels offers a range of services to drivers including a marketplace for new and used vehicles, a loan and insurance product comparison guide, and news and reviews sections.

Girnar, which raised $50m from Hillhouse Capital, Tybourne Capital and…

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