About Drivezy
Drivezy is a Travel & Hospitality company based in Bengaluru (India) founded in 2015 by Vasant Verma and Ashwarya Singh. Car rentals are booked through an online platform by Drivezy. It operates in the Travel & Hospitality and Transportation, Automotive & Logistics sectors. Drivezy has raised $39.05 million across 10 funding rounds from investors including ICICI Bank, Mahindra Finance and Yamaha. The company has 5 employees. Drivezy was last valued at $2.23 million in July 2015. Its chief executive, as recorded, is Ashwarya Singh. Drivezy offers products and services including Car Rental Service and Bike Rental Service. Its focus areas include Consumer, Road Transport Tech, Self Drive Rentals and Car. Its competitors include Revv, Carzonrent and Long Drive Cars; 1 of its 3 listed competitors has raised funding.
Company details
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.
- Headquarters Bengaluru, India
- Employees 5
- Founders Vasant Verma, Ashwarya Singh
- Stage Minicorn
- SectorsTravel & HospitalityTransportation, Automotive & Logistics
- Website category Travel and Tourism · Car Rentals
- Email••••••••
- Website drivezy.com
- Social LinkedIn X Facebook
- Annual Revenue$1.84 M (USD)-85as on Mar 31, 2021
- Net Profit-$4.92 M (USD)33as on Mar 31, 2021
- EBITDA-$4.66 M (USD)33as on Mar 31, 2021
- Total Equity Funding$39.05M (USD)
in 10 rounds
- Latest Funding Round$20M (USD), Series B
Nov 2018
- InvestorsICICI Bank
& 77 more
- Employee Count5
Associated legal entities of Drivezy
Drivezy is associated with 5 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Harbourfront India Llp CIN AAN-3129 | Active | 19 Sep 2018 | New Delhi, Delhi | 2 | View details | ||
| Drivezy India Travels Private Limited CIN U63030KA2016PTC097482 | Active | 31 Oct 2016 | Bangalore, Karnataka | ₹13.6 Cr | 62 | 2 | View details |
| A.S Drivezy Rentals Private Limited CIN U63030KA2018PTC109411 | Active | 10 Jan 2018 | Bangalore, Karnataka | 7 | 2 | View details | |
| Drivezy Automobiles Private Limited CIN U74999MH2019PTC325012 | Strike Off | 07 May 2019 | Mumbai, Maharashtra | 2 | View details | ||
| A.S Justride Tours And Travels Private Limited CIN U63090MH2015PTC261542 | Active | 02 Feb 2015 | Mumbai, Maharashtra | ₹11.0 Cr | 76 | 2 | View details |
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.
- Total Funding $39.05M
- Total Rounds 10
- Last Round Series B — $20M
- First Round $54,963
(May 2015)
- Investors Count 78
All 10 funding rounds of Drivezy 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 |
|---|---|---|---|---|---|
| Nov 2018 | $100M | Debt – Conventional | – | – | |
| Nov 2018 | $20M | Series B | – | Das Capital Group | |
| Apr 2018 | $7.8M | Series A | – | – | – |
| Oct 2017 | $5M | Debt – Conventional | – | – | |
| Oct 2017 | $5M | Series A | – | Y Combinator | |
| Nov 2016 | $3M | Seed | – | Susa Ventures, Kima Ventures | |
| Mar 2016 | $400,000 | Angel Round | – | Dheeraj Jain | – |
| Nov 2015 | $2M | Seed | – | – | – |
| Jul 2015 | $790,408 | Seed | $2.23M | Niraj Singh, Sol Primero | |
| May 2015 | $54,963 | Seed | $275,134 | Outbox Ventures |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2015 | $2.23M | •••••••• |
Last known valuation $2.23M (Jul 2015). 78 investors in total: 20 institutional and 58 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech investments are directed toward Asia and the US. | it-farm.com | Shinjuku City, Japan | ||
Multiple sectors are targeted through private equity investments. | dascapital.io | Singapore, Singapore | ||
Venture capital investments are directed toward companies in multiple sectors. | axanpartners.tcc.mode | |||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Online slot gaming with pulsa deposits in Indonesia. | 2014 | whiteunicornventures.com | Mumbai, India | |
Venture capital firm investing in early-stage companies across fintech, healthcare, and multiple sectors | susaventures.com | San Francisco, United States | ||
Seed-stage investments in startups are provided by Kima Ventures. | kimaventures.com | Paris, France | ||
India focused venture capital firm | 2013 | palaashventures.com | Delhi, India | |
Seed & early stage tech-focused VC investment company funding companies in India | 2014 | outbox.ventures | Delhi, India | |
Early-stage Indian companies are invested in by Sol Primero. | solprimero.com | Bengaluru, India |
Investor details for Drivezy
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 Drivezy
The boards of the 5 registered companies of Drivezy currently have 3 directors; the longest-serving is Abhishek Mahajan, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhishek Mahajan DIN 07249497 | Director | 10 Jan 2018 | 8 yrs 9 mo | A.S Drivezy Rentals Private Limited, Drivezy India Travels Private Limited, Drivezy Automobiles Private Limited, A.S Justride Tours And Travels Private Limited |
| Ashwarya Pratap Singh DIN 07031361 | Designated Partner | 03 Oct 2023 | 3 yrs | Harbourfront India Llp, A.S Drivezy Rentals Private Limited, Drivezy India Travels Private Limited, Drivezy Automobiles Private Limited, A.S Justride Tours And Travels Private Limited |
| Girish Kumar Gopalakrishnan DIN 07383807 | Designated Partner | 03 Oct 2023 | 3 yrs | Harbourfront India Llp |
People of Drivezy
2 people are tracked at Drivezy (2 in leadership); the tracked headcount is 5.
| Name | Role | Group |
|---|---|---|
Vasant Verma | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership |
Complete people profiles for Drivezy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Drivezy
Figures of Drivezy India Travels Private Limited, the primary company behind Drivezy, for FY 2021. Revenue was ₹13.64 Cr (-85% year on year). Net loss was -₹36.55 Cr (-268% margin). EBITDA was -₹34.60 Cr (-254% margin). Revenue has grown at a compounded annual rate of +2309% over three years.
- ₹13.64 CrRevenue · FY 2021 · -85% YoY
- -₹36.55 CrNet loss · -268% margin
- -₹34.60 CrEBITDA · -254% margin
- ₹1.88 CrPaid-up capital
- 62Employees (provident fund records)
- +2309%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Drivezy India Travels Private Limited are on its company page.
Detailed financial statements for Drivezy
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 Drivezy
4 dated milestones of Drivezy across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Drivezy is founded.
- Funding First funding round of $55K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $20.0M.
Competitors of Drivezy
Drivezy has 3 listed competitors in our database, 1 of them funded. They include Revv, Carzonrent and Long Drive Cars.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| revv.co.in | 2015 | Bengaluru, India | $38.23M | 200 | Cars are rented online via a user-friendly platform. | |
| carzonrent.com | 2000 | Delhi, India | 295 | Car rental services are facilitated via an online booking platform. | ||
| longdrivecars.com | 2016 | Hyderabad, India | Provides self-drive car rentals with unlimited kilometers and no deposit services. |
Detailed competitors of Drivezy
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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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Drivezy
The website of Drivezy (drivezy.com) receives about 1.2K visits a month and ranks #9,257,635 among all websites worldwide, #2,726 in Car Rentals.
- Monthly visits1.2K
▼ 21.6% vs previous month
- Global rank#9,257,635
among all websites
- Category rank#2,726
Travel and Tourism · Car Rentals
- Bounce rate41%
- Pages per visit1.9
- Average visit38 sec
- DevicesDesktop 37% · Mobile 63%
Top companies in Online Travel
3 companies that operate in the same segment as Drivezy (Online Travel) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online bookings for flights, hotels, and travel packages are facilitated. | 2000 | Gurugram, Haryana, India | USD 39 M | USD 1.04 B | 5,120 | |
Online platform providing multiple travel booking services | 2007 | Gurugram, Haryana, India | USD 96.62 M | USD 130.88 M | 465 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 |
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Related news about 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 CEO of Drivezy, as recorded in our data. They have also founded this 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 Seed of $54.96K, raised on May 2015.
Drivezy has 5 employees.
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 Long Drive Cars.
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.
Drivezy is associated with 5 legal entities: Harbourfront India Llp, A.S Drivezy Rentals Private Limited, Drivezy India Travels Private Limited and others.