About Carzonrent
Carzonrent is a company based in Delhi (India) founded in 2000.. Carzonrent has raised $17.04 million across 3 funding rounds from investors including SIDBI Venture Capital, EQ India Advisors and BTS Investment Advisors. The company has 279 employees as of April 06, 2024. Carzonrent has completed 2 acquisitions, including Qcabs and Ridingo. Carzonrent operates in a competitive market with competitors including Revv, Long Drive Cars, Drivezy, MyChoize and Trippy Cars, among others.
- Headquarter Delhi, India
- Employees 279 as on 06 Apr, 2024
- Stage Minicorn
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Sectors
Travel & HospitalityTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Carzonrent (India) Private Limited
- Date of Incorporation 18 Sep, 2000
- Jurisdiction Delhi, India
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Annual Revenue
$25.64 M (USD)0as on Mar 31, 2019
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Net Profit
$-1.12 M (USD)0as on Mar 31, 2019
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EBITDA
$-116.03 K (USD)0as on Mar 31, 2019
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Total Equity Funding
$17.04 M (USD)
in 3 rounds
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Latest Funding Round
$7.82 M (USD), Unspecified
Jan 19, 2011
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Investors
SIDBI Venture Capital
& 3 more
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Employee Count
279
as on Apr 06, 2024
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Investments & Acquisitions
Qcabs
& 1 more
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Funding Insights of Carzonrent
Carzonrent has successfully raised a total of $17.04M across 3 strategic funding rounds. The most recent funding activity was a Unspecified round of $7.82 million completed in January 2011. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Unspecified — $7.8M
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First Round
First Round
(17 Nov 2004)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2011 | Amount | Unspecified - Carzonrent | Valuation | BTS Investment Advisors , EQ India Advisors |
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| Oct, 2006 | Amount | Unspecified - Carzonrent | Valuation | Sequoia Capital |
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| Nov, 2004 | Amount | Unspecified - Carzonrent | Valuation | SIDBI Venture Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Carzonrent
Carzonrent has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include SIDBI Venture Capital, EQ India Advisors and BTS Investment Advisors. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multi-stage sector-agnostic VC firm investing in geographies such as India
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Founded Year | Domain | Location | |
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Investment advisory services are offered in sectors like agriculture, healthcare, and infrastructure.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Carzonrent
Carzonrent has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Qcabs and Ridingo. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ride-sharing is facilitated via a prepaid points-based mobile platform.
|
2013 | ||||
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Online cab rides are booked via Qcabs aggregator platform.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Carzonrent
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Carzonrent Comparisons
Competitors of Carzonrent
Carzonrent 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 Revv, Long Drive Cars, Drivezy, MyChoize and Trippy Cars, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cars are rented online via a user-friendly platform.
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| domain | founded_year | HQ Location |
Provides self-drive car rentals with unlimited kilometers and no deposit services.
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| domain | founded_year | HQ Location |
Car rentals are booked through an online platform by Drivezy.
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| domain | founded_year | HQ Location |
Provides self-drive car rental services via app and website.
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| domain | founded_year | HQ Location |
Provides self-drive car rentals in Indian cities with no hidden charges and easy booking.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Carzonrent
Frequently Asked Questions about Carzonrent
When was Carzonrent founded?
Carzonrent was founded in 2000 and raised its 1st funding round 4 years after it was founded.
Where is Carzonrent located?
Carzonrent is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Carzonrent?
Yogender Verma is the current CEO of Carzonrent.
Is Carzonrent a funded company?
Carzonrent is a funded company, having raised a total of $17.04M across 3 funding rounds to date. The company's 1st funding round was a Unspecified of $2.22M, raised on Nov 17, 2004.
How many employees does Carzonrent have?
As of Apr 06, 2024, the latest employee count at Carzonrent is 279.
What is the annual revenue of Carzonrent?
Annual revenue of Carzonrent is $25.64M as on Mar 31, 2019.
What does Carzonrent do?
Carzonrent was founded in 2000 in Delhi, India, as an online platform in the automotive rental sector. Access to various vehicles is provided for short-term and long-term hires. Operations are managed digitally, encompassing booking, pickup scheduling, and return processes. Services are targeted at users seeking convenient vehicle rentals within India.
Who are the top competitors of Carzonrent?
How many acquisitions has Carzonrent made?
Who are Carzonrent's investors?
Carzonrent has 4 investors. Key investors include SIDBI Venture Capital, EQ India Advisors, BTS Investment Advisors, and Sequoia Capital.
What is Carzonrent's valuation?
The valuation of Carzonrent is $77.95M as of Jan 2011.