About Everest Fleet
Everest Fleet is a company based in Mumbai (India) founded in 2016 by Sidarth Vohra, Siddharth Ladsariya, Monil Sheth, Apurav Mahajan, Anand Chheda, Prihaans Dedhiya, Amar Kerkar, Himani Ladsariya, and Shivang Unadkat.. Everest Fleet has raised $64.33 million across 8 funding rounds from investors including Uber, Axis Bank and InCred Capital. Everest Fleet operates in a competitive market with competitors including Samsara, Wright Express, Radius, Platform Science and Fleetmatics, among others.
- Headquarter Mumbai, India
- Founders Sidarth Vohra, Siddharth Ladsariya, Monil Sheth, Apurav Mahajan, Anand Chheda, Prihaans Dedhiya, Amar Kerkar, Himani Ladsariya, Shivang Unadkat
- Stage Minicorn
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Sectors
Transportation, 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
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Net Profit
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EBITDA
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Total Equity Funding
$64.33 M (USD)
in 8 rounds
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Latest Funding Round
$30.03 M (USD), Series C
Sep 18, 2024
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Investors
Uber
& 75 more
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Employee Count
Employee Count
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Funding Insights of Everest Fleet
Everest Fleet has successfully raised a total of $64.33M across 8 strategic funding rounds. The most recent funding activity was a Series C round of $30.03 million completed in September 2024. 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 8
- Last Round Series C — $30.0M
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First Round
First Round
(02 Sep 2019)
- Investors Count 76
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series C - Everest Fleet | Valuation | Uber |
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| Jan, 2024 | Amount | Debt – Conventional - Everest Fleet | Valuation |
investors |
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| Sep, 2023 | Amount | Series B - Everest Fleet | Valuation | Paragon Partners |
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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 Everest Fleet
Everest Fleet has secured backing from 76 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Uber, Axis Bank and InCred Capital. 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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A leading Indian mid-market private equity firm is operated.
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Founded Year | Domain | Location | |
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Private equity firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Hreyansh Patni venture capital firm.
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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 Everest Fleet
| 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 - Everest Fleet
| 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 |
Everest Fleet Comparisons
Competitors of Everest Fleet
Everest Fleet 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 Samsara, Wright Express, Radius, Platform Science and Fleetmatics, 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 |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Predictive marketing and sales platform
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| domain | founded_year | HQ Location |
Provider of integrated solutions for fleet management
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| domain | founded_year | HQ Location |
Fleet management solutions are provided for tracking and optimization needs.
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| domain | founded_year | HQ Location |
Cloud-based fleet management solutions are provided for transportation operations.
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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 Everest Fleet
Frequently Asked Questions about Everest Fleet
When was Everest Fleet founded?
Everest Fleet was founded in 2016 and raised its 1st funding round 3 years after it was founded.
Where is Everest Fleet located?
Everest Fleet is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Everest Fleet?
Siddharth Ladsariya is the current CEO of Everest Fleet. They have also founded this company.
Is Everest Fleet a funded company?
Everest Fleet is a funded company, having raised a total of $64.33M across 8 funding rounds to date. The company's 1st funding round was a Series B of $6.01M, raised on Sep 02, 2019.
What does Everest Fleet do?
Platform offering fleet management services for taxis, goods, and drivers. It oversees thousands of vehicles across major Indian metros under app-based aggregator platforms, offering services such as ride bookings, refrigerated logistics, inter-city transit, and driver livelihood programs. The company supports entrepreneurship for drivers, enhances vehicle utilization, and promotes green mobility through adoption of CNG and EV fleets.
Who are the top competitors of Everest Fleet?
Everest Fleet's top competitors include Samsara, Wright Express and Radius.
Who are Everest Fleet's investors?
Everest Fleet has 76 investors. Key investors include Uber, Axis Bank, InCred Capital, Spark Capital, and Paragon Partners.
What is Everest Fleet's valuation?
The valuation of Everest Fleet is $421.07M as of Sep 2024.
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