About Drife
Drife is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2018 by Mudit Marda, Rakesh Sahu, Surya Ranjith, and Firdosh Sheikh. It operates as a ride-hailing services are facilitated via a blockchain-based platform. Drife has raised $51.06 thousand across 2 funding rounds from investors including AE Ventures. The company has 1 employees. Drife was last valued at $981.53 thousand in January 2021. Its chief executive is Firdosh Sheikh. Drife offers products and services including DRIFE App, DRF Token, and DRIFE Franchisee. Its focus areas include Consumer, Road Transport Tech, Ride Hailing and Cars. Its legal entity in India is Drife Cabs Private Limited (U80902KA2021PTC155749).
Company details
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.
- Headquarters Bengaluru, India
- Employees 1
- Founders Mudit Marda, Rakesh Sahu, Surya Ranjith, Firdosh Sheikh
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website drife.io
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Drife Cabs Private Limited
- Date of Incorporation 20 Dec, 2021
- Jurisdiction Bengaluru, Karnataka, India
- Net Loss-₹14.3 Lakh
FY 2023 · 0% margin
- EBITDA-₹14.2 Lakh
FY 2023 · 0% margin
- Total Equity Funding$51.06K (USD)
in 2 rounds
- Latest Funding Round$150K (USD), Token Sale
Aug 2021
- Investors
- Employee Count1
Associated legal entities of Drife
Drife is associated with 2 registered companies on The Company Check; the primary company is Drife Cabs Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Drife Cabs Private Limited CIN U80902KA2021PTC155749 | Active | 20 Dec 2021 | Bengaluru, Karnataka | – | – | 2 | View details |
| Drife Technologies Private Limited CIN U74999CT2018PTC008635 | Active | 02 Jul 2018 | Durg, Chhattisgarh | ₹1.8 Cr | – | 2 | View details |
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.
Apps and channels of Drife
its YouTube channel Drife Official has 1.76K subscribers and 26 videos.
Videos from Drife
The most watched videos on Drife's YouTube channel, Drife Official (1.76K subscribers). Click a video to play it here.
More on Drife Official.
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 $51,059
- Total Rounds 2
- Last Round Token Sale — $150,000
- First Round $51,059
(Jan 2021)
- Investors Count 1
All 2 funding rounds of Drife with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2021 | $150,000 | Token Sale | – | – | – |
| Jan 2021 | $51,059 | Seed | $981,526 | AE Ventures | – |
Last known valuation $981,526 (Jan 2021). 1 investors in total: 1 institutional.
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. | – | aeventures.io | Sofia, Bulgaria |
Investor details for Drife
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Drife Cabs Private Limited (Drife)
Drife Cabs Private Limited is the primary company behind Drife. The boards of the 2 registered companies of Drife currently have 2 directors; the longest-serving is Firdosh Sheikh, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Firdosh Sheikh DIN 08170873 | Director | 02 Jul 2018 | 8 yrs 3 mo | Drife Technologies Private Limited, Drife Cabs Private Limited |
| Nasim Begum DIN 08170874 | Director | 02 Jul 2018 | 8 yrs 3 mo | Drife Technologies Private Limited, Drife Cabs Private Limited |
People of Drife
4 people are tracked at Drife (4 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
Mudit Marda | Co-Founder | Leadership |
Rakesh Sahu | Co-Founder | Leadership |
Surya Ranjith | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Drife
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Drife
Figures of Drife Cabs Private Limited, the primary company behind Drife, for FY 2023. Net loss was -₹14.3 Lakh (0% margin). EBITDA was -₹14.2 Lakh (0% margin).
- -₹14.3 LakhNet loss · 0% margin
- -₹14.2 LakhEBITDA · 0% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Drife Cabs Private Limited are on its company page.
Detailed financial statements for Drife
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Drife
3 dated milestones of Drife across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Drife is founded.
- Funding First funding round of $51K.
- Funding Latest funding round, Token Sale, of $150K.
Web traffic of Drife
The website of Drife (drife.io) receives about 4.7K visits a month.
- Monthly visits4.7K
▲ 29.6% vs previous month
Websites whose visitors overlap most with Drife. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| zervx.com | 100% | 4.4K | #4,228,698 | View details | |
keralataxis.com | keralataxis.com | 96% | – | #1,507,210 | – |
| taximobility.com | 96% | 3.7K | #5,072,173 | View details | |
| ebizneeds.com | 93% | 680.7K | #7,923,261 | View details | |
himalayan-routes.com | himalayan-routes.com | 93% | – | #11,587,440 | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 8 similar websites and full traffic analytics for Drife
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 8 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Road Transport Tech
10 companies that operate in the same segment as Drife (Road Transport Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore, Singapore | USD 10.38 B | USD 3.37 B | 57,733 | |
An online platform providing ride-hailing and food delivery services | 2009 | San Francisco, California, United States | USD 13.21 B | USD 52.02 B | 34,000 | |
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 798.05 M | USD 19.11 M | 817 | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | – | 6,360 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Bus tickets are booked online via portal and mobile app. | 2006 | Bengaluru, Karnataka, India | USD 10 M | – | – | |
App-based ride-hailing aggregator | 2007 | San Francisco, California, United States | USD 5.02 B | USD 6.32 B | 3,913 |
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Related news about Drife
Complete news archive for Drife
Full article history, source details, and older brand coverage require an active premium plan.
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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. The company's 1st funding round was a Seed of $51.06K, raised on Jan 2021.
Drife has 1 employees.
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.
Drife is associated with 2 legal entities: Drife Cabs Private Limited, Drife Technologies Private Limited.
The legal entities of Drife currently have 2 directors, including Firdosh Sheikh, Nasim Begum.