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
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Sectors
Transportation, Automotive & Logistics
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Drife Cabs Private Limited
- Date of Incorporation 20 Dec, 2021
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
Not available
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Net Profit
-$17.24 K (USD)-5363.06as on Mar 31, 2023
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EBITDA
-$17.12 K (USD)-8663.2as on Mar 31, 2023
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Total Equity Funding
$51.06 K (USD)
in 2 rounds
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Latest Funding Round
$150 K (USD), Token Sale
Aug 06, 2021
- Investors
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Employee Count
1
as on Apr 07, 2024
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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.
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 |
|---|---|---|---|---|
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Blockchain startups are accelerated by VC-backed AE Ventures.
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Locked | Locked | Locked |
Investor details for Drife
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Investments & Acquisitions by Drife
Investment portfolio details for Drife
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Financial Statements - Drife
Detailed financials for Drife
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Drife Comparisons
Peer comparison for Drife
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Competitors of Drife
Detailed competitors of Drife
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Latest news on Drife
Complete news archive for Drife
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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.
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.