#tsikot philippines

Leading automotive site, Tsikot.com, has been sold to Now Web Solutions which is owned by serial entrepreneurs Rael Ross and Renato Dayan. Back in 2011, we reported that MIH (majority owners of Sulit/OLX) have been negotiating with Tsikot with an investment valued at Php100 million (read our story here). Renato established CarsNow Philippines in 2015 and experienced significant growth on automotive online classifieds and service to dealers. The acquisition of Tsikot will result into a merge between the Tsikot brand equity and the CarsNow platform. “We are working to revamp the Tsikot, bring a new user experience and provide high end technology for our users” explained Renato. Apple CarPlay has been in the Philippines longer, thanks to the vertical integration of Apple; all iPhones were able to take advantage of the feature earlier than Android users (well, officially anyway). In fact, retrofitting a backup-cam-ready infotainment system with a reverse camera is a common practice among car owners in the Philippines, with some companies coming out with a 360-degree kit, even. Read more in our articles including "Tsikot.com acquired for undisclosed sum" and "Android Automotive OS now targets full vehicle control".