About AckoDrive
AckoDrive is a company based in Bengaluru (India) founded in 2018. It operates as a B2C, and Marketplace. The company has 461 employees as of March 31, 2023. AckoDrive offers products and services including Car Buying Platform, Vehicle Reviews, and Express Delivery Service. AckoDrive operates in a competitive market with competitors including MyNewCar, 91Wheels, BMW Bird Automotive, Stellar Skoda and Car Lelo, among others.
- Headquarter Bengaluru, India
- Employees 461 as on 31 Mar, 2023
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Sectors
Media & EntertainmentTransportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Acko Technology & Services Private Limited
- Date of Incorporation 07 Sep, 2016
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$216.04 M (USD)32.87as on Mar 31, 2023
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Net Profit
$-88.8 M (USD)-53.11as on Mar 31, 2023
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EBITDA
$-92.2 M (USD)-58.22as on Mar 31, 2023
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Latest Funding Round
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Investors
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Employee Count
461
as on Mar 31, 2023
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Products & Services of AckoDrive
AckoDrive offers a comprehensive portfolio of products and services, including Car Buying Platform, Vehicle Reviews, and Express Delivery Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for purchasing new cars with express delivery options.
Platform providing in-depth reviews and news on cars and bikes.
Facilitates fast car delivery within specified days for buyers.
Funding Insights of AckoDrive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by AckoDrive
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AckoDrive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ackodrive Comparisons
Competitors of AckoDrive
AckoDrive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MyNewCar, 91Wheels, BMW Bird Automotive, Stellar Skoda and Car Lelo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
New cars are purchased online via a multi-brand marketplace.
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| domain | founded_year | HQ Location |
Online platform for car, bike, and scooter listings and comparisons in India.
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| domain | founded_year | HQ Location |
BMW dealership providing new cars, servicing, financing, and test drives in India.
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| domain | founded_year | HQ Location |
Operates a digital hub for selling Skoda cars with exclusive discounts and limited stocks.
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| domain | founded_year | HQ Location |
Cars are searched and purchased via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ackodrive
Frequently Asked Questions about AckoDrive
When was AckoDrive founded?
AckoDrive was founded in 2018.
Where is AckoDrive located?
AckoDrive is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
How many employees does AckoDrive have?
As of Mar 31, 2023, the latest employee count at AckoDrive is 461.
What is the annual revenue of AckoDrive?
Annual revenue of AckoDrive is $216.04M as on Mar 31, 2023.
What does AckoDrive do?
ACKO Drive is an online platform focused on automotive services, including news, reviews, and facilitating new car purchases with express delivery options. It operates by listing vehicles from various brands, offering deals, and providing user assistance for buying. Based primarily in Bengaluru, India, it has service centers in cities like Mumbai, Hyderabad, and Delhi. The platform caters to individual consumers seeking reliable automotive information and transactions.
Who are the top competitors of AckoDrive?
What products or services does AckoDrive offer?
AckoDrive offers Car Buying Platform, Vehicle Reviews, and Express Delivery Service.
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