About DriveU
DriveU is a company based in Bengaluru (India) founded in 2015 by Ashok Shastry. DriveU has raised $9.47 million across 14 funding rounds from investors including SoftSol, Sitare Foundation and Subramanian Ganesan. The company has 148 employees as of April 04, 2024. DriveU has completed 3 acquisitions, including CallAtHome, Driverskart and Zuver. DriveU operates in a competitive market with competitors including Driverskart, DriverShaab, Drivers4Me, Zuver and Taxshe, among others.
- Headquarter Bengaluru, India
- Employees 148 as on 04 Apr, 2024
- Founders Ashok Shastry
- Stage Minicorn
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Sectors
Business ServicesTransportation, 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 Humble Mobile Solutions Private Limited
- Date of Incorporation 17 Jul, 2015
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$1.81 M (USD)4.7as on Mar 31, 2023
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Net Profit
-$276.41 K (USD)34.79as on Mar 31, 2023
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EBITDA
-$196.81 K (USD)43.65as on Mar 31, 2023
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Total Equity Funding
$9.47 M (USD)
in 14 rounds
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Latest Funding Round
$49.07 K (USD), Angel Round
Sep 08, 2021
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Investors
SoftSol
& 44 more
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Employee Count
148
as on Apr 04, 2024
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Investments & Acquisitions
CallAtHome
& 2 more
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Funding Insights of DriveU
DriveU has successfully raised a total of $9.47M across 14 strategic funding rounds. The most recent funding activity was a Angel Round of $49.07 thousand completed in September 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 DriveU
DriveU has secured backing from 45 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include SoftSol, Sitare Foundation and Subramanian Ganesan.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in applied generative AI
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Venture capital investments are directed toward companies in multiple sectors.
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Supporting startups with India scale and global potential through venture advisory and partnerships.
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Investor details for DriveU
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Investments & Acquisitions by DriveU
DriveU has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include CallAtHome, Driverskart and Zuver.
Investment portfolio details for DriveU
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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On-demand personal chauffeur services are provided via a mobile app.
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Locked | Locked | 2015 | Locked | |
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On-demand driver services are provided for customers in India.
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Locked | Locked | 2015 | Locked | |
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On-demand chauffeur services are booked via mobile app in Gurugram.
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Locked | Locked | 2014 | Locked |
Complete acquisition details for DriveU
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Financial Statements - DriveU
Detailed financials for DriveU
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Driveu Comparisons
Peer comparison for DriveU
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- Named peers
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Competitors of DriveU
DriveU 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 Driverskart, DriverShaab, Drivers4Me, Zuver and Taxshe, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
On-demand personal chauffeur services are provided via a mobile app.
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| Locked | Locked | Locked |
On-demand drivers are booked via a mobile application platform.
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| Locked | Locked | Locked |
On-demand drivers are booked via an online platform for users.
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| Locked | Locked | Locked |
On-demand driver services are provided for customers in India.
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| Locked | Locked | Locked |
Female chauffeurs are booked online for intra-city travel needs.
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Detailed competitors of DriveU
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Driveu
Complete news archive for DriveU
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- Source and publication date
- Older coverage
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Frequently Asked Questions about DriveU
DriveU was founded in 2015.
DriveU is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ashok Shastry is the current CEO of DriveU. They have also founded this company.
DriveU is a funded company, having raised a total of $9.47M across 14 funding rounds to date.
As of Apr 04, 2024, the latest employee count at DriveU is 148.
Annual revenue of DriveU is $1.81M as on Mar 31, 2023.
Founded in 2015 and based in Bengaluru, India, DriveU operates as a marketplace in the on-demand mobility sector. Drivers are booked by users for local and outstation rides, with verification of backgrounds and insurance coverage ensured. Additional services such as real-time tracking, reward programs, fast tag recharges, and car washes are offered to support trip management and user convenience.
DriveU's top competitors include DriverShaab, Drivers4Me and Driverskart.
DriveU has made 3 acquisitions, including CallAtHome, Driverskart, and Zuver.
DriveU has 45 investors. Key investors include SoftSol, Sitare Foundation, Subramanian Ganesan, Hegde Family Revocable Trust, and Preeth Chengappa.
The valuation of DriveU is $16.46M as of Sep 2021.