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.
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.
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.
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Early-stage tech investments are directed toward Asia and the US.
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Multiple sectors are targeted through private equity investments.
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Venture capital investments are directed toward companies in multiple sectors.
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Investor details for Drivezy
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Investments & Acquisitions by Drivezy
Investment portfolio details for Drivezy
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Financial Statements - Drivezy
Detailed financials for Drivezy
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Drivezy Comparisons
Peer comparison for Drivezy
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- Named peers
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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.
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Cars are rented online via a user-friendly platform.
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Car rental services are facilitated via an online booking platform.
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Provides self-drive car rentals with unlimited kilometers and no deposit services.
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Provides self-drive car rental services via app and website.
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Provides self-drive car rentals in Indian cities with no hidden charges and easy booking.
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Detailed competitors of Drivezy
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Latest news on Drivezy
Complete news archive for Drivezy
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Frequently Asked Questions about Drivezy
Drivezy was founded in 2015.
Drivezy is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ashwarya Singh is the current CEO of Drivezy. They have also founded this company.
Drivezy is a funded company, having raised a total of $39.05M across 10 funding rounds to date.
As of Nov 30, 2020, the latest employee count at Drivezy is 5.
Annual revenue of Drivezy is $1.84M as on Mar 31, 2021.
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.
Drivezy's top competitors include Revv, Carzonrent and MyChoize.
Drivezy offers Car Rental Service and Bike Rental Service.
Drivezy has 78 investors. Key investors include ICICI Bank, Mahindra Finance, Yamaha, Shriram Transport Finance, and Cholamandalam Investment and Finance Company.
The valuation of Drivezy is $2.23M as of Jul 2015.