About Drivers24
Drivers24 was a Transportation, Automotive & Logistics company based in Jaipur (India) founded in 2019. It connects users with on-demand drivers through an efficient app-based platform. It operates on a B2C model. Its Indian entity M-Two Multi Communication Private Limited reported revenue of ₹15.3 Lakh. The company is recorded as dissolved. Its focus areas include Transportation, Ride-Hailing, On-Demand Services and Driver Platforms. Its competitors include DriveU, DriverShaab and Drivers4Me; 3 of its 3 listed competitors have raised funding.
Company details
Drivers24, established in 2019 and currently in Dissolved stage, focuses on providing transportation services, ride-hailing, on-demand services, and driver platforms. Connects users with on-demand drivers through an efficient app-based platform. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Jaipur, India
- SectorsTransportation, Automotive & Logistics
- Website drivers24.in
- Social Facebook
- Legal Name M-Two Multi Communication Private Limited
- Date of Incorporation 08 Aug, 2019
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹15.3 Lakh
FY 2021 · -8% YoY
- Net Loss-₹5.5 Lakh
FY 2021 · -36% margin
- EBITDA-₹2.3 Lakh
FY 2021 · -15% margin
Associated legal entities of Drivers24
Drivers24 operates through M-Two Multi Communication Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| M-Two Multi Communication Private Limited CIN U63030RJ2019PTC065925 | Active | 08 Aug 2019 | Jaipur, Rajasthan | ₹0.2 Cr | 2 | View details |
Board of directors of M-Two Multi Communication Private Limited (Drivers24)
M-Two Multi Communication Private Limited is the primary company behind Drivers24. The board of M-Two Multi Communication Private Limited currently have 2 directors; the longest-serving is Manisha Goyal, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manisha Goyal DIN 08533285 | Director | 08 Aug 2019 | 7 yrs 2 mo | M-Two Multi Communication Private Limited |
| Mohit Goyal DIN 08531660 | Director | 08 Aug 2019 | 7 yrs 2 mo | M-Two Multi Communication Private Limited |
Financials of Drivers24
Figures of M-Two Multi Communication Private Limited, the primary company behind Drivers24, for FY 2021. Revenue was ₹15.3 Lakh (-8% year on year). Net loss was -₹5.5 Lakh (-36% margin). EBITDA was -₹2.3 Lakh (-15% margin).
- ₹15.3 LakhRevenue · FY 2021 · -8% YoY
- -₹5.5 LakhNet loss · -36% margin
- -₹2.3 LakhEBITDA · -15% margin
- ₹10 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of M-Two Multi Communication Private Limited are on its company page.
Detailed financial statements for Drivers24
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- Financial ratios
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Competitors of Drivers24
Drivers24 has 3 listed competitors in our database, 3 of them funded. They include DriveU, DriverShaab and Drivers4Me.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| driveu.in | 2015 | Bengaluru, India | $8.8M | 174 | Provider of on demand car rental and driver booking marketplace | |
| drivershaab.in | 2019 | Kolkata, India | $369,075 | 33 | On-demand drivers are booked via a mobile application platform. | |
| drivers4me.com | 2018 | Kolkata, India | $376,643 | 221 | On-demand drivers are booked via an online platform for users. |
Detailed competitors of Drivers24
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Two Wheeler Rental Services
3 companies that operate in the same segment as Drivers24 (Two Wheeler Rental Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Financial services encompassing loans, investments, and insurance are delivered in India. | 1979 | Mumbai, Maharashtra, India | USD 1.94 B | |||
Manufactures and markets retro-inspired motorcycles with modern features. | 1929 | Pune, Maharashtra, India | USD 83.25 M | 100 | ||
Offers bike listings, prices, reviews, and comparisons for consumers. | 2012 | Mumbai, Maharashtra, India |
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Frequently Asked Questions about Drivers24
Drivers24 was founded in 2019.
Drivers24 is headquartered in Jaipur, India. It is registered at Jaipur, Rajasthan, India.
The primary company behind Drivers24, M-Two Multi Communication Private Limited, reported revenue of ₹15.3 Lakh for FY 2021, down 8% year on year.
Drivers24, established in 2019 and currently in Dissolved stage, focuses on providing transportation services, ride-hailing, on-demand services, and driver platforms. Connects users with on-demand drivers through an efficient app-based platform. Adapting to market demands with innovation and client-focused strategies. It continues to evolve, meeting industry challenges with strategic approaches.
Drivers24's top competitors include DriveU, DriverShaab and Drivers4Me.
Drivers24 operates through M-Two Multi Communication Private Limited.
The legal entities of Drivers24 currently have 2 directors, including Manisha Goyal, Mohit Goyal.