About Drivezy
Drivezy is a company based in Bengaluru (India) founded in 2015 by Vasant Verma and Ashwarya Singh.. Drivezy has raised $39.05 million across 10 funding rounds from investors including ICICI Bank, Mahindra Finance and Yamaha. The company has 5 employees as of November 30, 2020. Drivezy offers products and services including Car Rental Service and Bike Rental Service. Drivezy operates in a competitive market with competitors including Revv, Carzonrent, Long Drive Cars, MyChoize and Trippy Cars, among others.
- Headquarter Bengaluru, India
- Employees 5 as on 30 Nov, 2020
- Founders Vasant Verma, Ashwarya Singh
- Stage Minicorn
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Sectors
Travel & HospitalityTransportation, 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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Annual Revenue
$1.84 M (USD)-85as on Mar 31, 2021
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Net Profit
$-4.92 M (USD)33as on Mar 31, 2021
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EBITDA
$-4.66 M (USD)33as on Mar 31, 2021
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Total Equity Funding
$39.05 M (USD)
in 10 rounds
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Latest Funding Round
$20 M (USD), Series B
Nov 28, 2018
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Investors
ICICI Bank
& 77 more
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Employee Count
5
as on Nov 30, 2020
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Products & Services of Drivezy
Drivezy offers a comprehensive portfolio of products and services, including Car Rental Service and Bike Rental Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for renting four-wheeled vehicles on flexible terms
Service for renting two-wheeled vehicles for personal or business use
Funding Insights of Drivezy
Drivezy has successfully raised a total of $39.05M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in November 2018. 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 10
- Last Round Series B — $20.0M
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First Round
First Round
(25 May 2015)
- Investors Count 78
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2018 | Amount | Debt – Conventional - Drivezy | Valuation |
investors |
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| Nov, 2018 | Amount | Series B - Drivezy | Valuation | Das Capital Group | |
| Apr, 2018 | Amount | Series A - Drivezy | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Drivezy
Drivezy has secured backing from 78 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include ICICI Bank, Mahindra Finance and Yamaha. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage tech investments are directed toward Asia and the US.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted through private equity investments.
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward companies in multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Drivezy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Drivezy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drivezy Comparisons
Competitors of Drivezy
Drivezy 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 Revv, Carzonrent, Long Drive Cars, MyChoize and Trippy Cars, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cars are rented online via a user-friendly platform.
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| domain | founded_year | HQ Location |
Car rental services are facilitated via an online booking platform.
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| domain | founded_year | HQ Location |
Provides self-drive car rentals with unlimited kilometers and no deposit services.
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| domain | founded_year | HQ Location |
Provides self-drive car rental services via app and website.
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| domain | founded_year | HQ Location |
Provides self-drive car rentals in Indian cities with no hidden charges and easy booking.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drivezy
Frequently Asked Questions about Drivezy
When was Drivezy founded?
Drivezy was founded in 2015.
Where is Drivezy located?
Drivezy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Drivezy?
Ashwarya Singh is the current CEO of Drivezy. They have also founded this company.
Is Drivezy a funded company?
Drivezy is a funded company, having raised a total of $39.05M across 10 funding rounds to date. The company's 1st funding round was a Series A of $7.8M, raised on May 25, 2015.
How many employees does Drivezy have?
As of Nov 30, 2020, the latest employee count at Drivezy is 5.
What is the annual revenue of Drivezy?
Annual revenue of Drivezy is $1.84M as on Mar 31, 2021.
What does Drivezy do?
Drivezy was founded in 2015 in Bengaluru, India, as an online platform in the car rental sector. Operations involve partnerships with crowdsourced individuals and vendors, who receive minimum guaranteed value along with self-developed Smart Vehicle Technology (SVT). Users access rental services by submitting location, payment, and personal details via the platform, enabling vehicle bookings across specified areas.
Who are the top competitors of Drivezy?
Drivezy's top competitors include Revv, Carzonrent and MyChoize.
What products or services does Drivezy offer?
Drivezy offers Car Rental Service and Bike Rental Service.
Who are Drivezy's investors?
Drivezy has 78 investors. Key investors include ICICI Bank, Mahindra Finance, Yamaha, Shriram Transport Finance, and Cholamandalam Investment and Finance Company.
What is Drivezy's valuation?
The valuation of Drivezy is $2.23M as of Jul 2015.