About Drife
Drife is a company based in Bengaluru (India) founded in 2018 by Mudit Marda, Rakesh Sahu, Surya Ranjith, and Firdosh Sheikh. Drife has raised $51.06 thousand across 2 funding rounds from investors including AE Ventures. The company has 1 employees as of April 07, 2024. Drife offers products and services including DRIFE App, DRF Token, and DRIFE Franchisee.
- Headquarter Bengaluru, India
- Employees 1 as on 07 Apr, 2024
- Founders Mudit Marda, Rakesh Sahu, Surya Ranjith, Firdosh Sheikh
-
Sectors
Transportation, Automotive & Logistics
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Drife Cabs Private Limited
- Date of Incorporation 20 Dec, 2021
- Jurisdiction Bengaluru, Karnataka, India
-
Annual Revenue
-
Net Profit
-$17.24 K (USD)-5363.06as on Mar 31, 2023
-
EBITDA
-$17.12 K (USD)-8663.2as on Mar 31, 2023
-
Total Equity Funding
$51.06 K (USD)
in 2 rounds
-
Latest Funding Round
$150 K (USD), Token Sale
Aug 06, 2021
- Investors
-
Employee Count
1
as on Apr 07, 2024
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Drife
Drife offers a comprehensive portfolio of products and services, including DRIFE App, DRF Token, and DRIFE Franchisee.
Decentralized app for booking rides with transparent pricing and zero commission.
Digital token for secure transactions within the DRIFE ecosystem.
Program for operating decentralized ride-hailing in local regions.
Funding Insights of Drife
Drife has successfully raised a total of $51.06K across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $150 thousand completed in August 2021. 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 2
- Last Round Token Sale — $150,000
-
First Round
First Round
(14 Jan 2021)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Token Sale - Drife | Valuation |
investors |
|
| Jan, 2021 | Amount | Seed - Drife | Valuation | AE Ventures |
|
Investors in Drife
Drife has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include AE Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Blockchain startups are accelerated by VC-backed AE Ventures.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Drife
Financial Statements - Drife
Drife Comparisons
Competitors of Drife
Frequently Asked Questions about Drife
Drife was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Drife is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Firdosh Sheikh is the current CEO of Drife. They have also founded this company.
Drife is a funded company, having raised a total of $51.06K across 2 funding rounds to date. The company's 1st funding round was a Seed of $51.06K, raised on Jan 14, 2021.
As of Apr 07, 2024, the latest employee count at Drife is 1.
Drife was founded in 2018 in Bengaluru, India, within the blockchain and mobility sectors. A decentralized platform is operated for ride-hailing, where users book rides by entering location and passenger information. Services encompass non-commission-based transactions, live vehicle tracking, and an incentive system. The focus remains on transportation operations across India, utilizing blockchain for transparency and efficiency.
Drife offers DRIFE App, DRF Token, and DRIFE Franchisee.
Drife has 1 investor. Key investors include AE Ventures.
The valuation of Drife is $981.53K as of Jan 2021.