About Facedrive
Facedrive is a company based in Richmond Hill (Canada) founded in 2015 by Imran Khan.. The company has 6 employees as of December 31, 2024. Facedrive has completed 3 acquisitions, including EcoCred, FoodHWY and HiRide. Facedrive operates in a competitive market with competitors including Uber, Lyft, ubiCabs, Eva and Uride, among others.
- Headquarter Richmond Hill, Canada
- Employees 6 as on 31 Dec, 2024
- Founders Imran Khan
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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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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Latest Funding Round
$17.5 M (USD), Post-IPO
Apr 07, 2022
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Investors
Ontario Canada
& 3 more
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Employee Count
6
as on Dec 31, 2024
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Investments & Acquisitions
EcoCred
& 2 more
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Sales and Marketing
7 people
Chair Team
1 people
Leadership Team
1 people
Social Team
1 people
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Funding Insights of Facedrive
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $17.5M
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First Round
First Round
(20 Feb 2020)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Post-IPO - Facedrive | Valuation |
investors |
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| Mar, 2022 | Amount | Post-IPO - Facedrive | Valuation |
investors |
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| Feb, 2022 | Amount | Post-IPO - Facedrive | Valuation |
investors |
| 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 Facedrive
Facedrive has secured backing from 4 investors, including angel and institutional investors. Prominent investors backing the company include Ontario Canada, Sayan Navaratnam and Connex Telecommunications. 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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Delivers integrated tech solutions for customer experience, contact centers, and IT infrastructure services.
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Founded Year | Domain | Location | |
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Cantel Solutions is engaged in providing telecommunications infrastructure solutions.
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Founded Year | Domain | Location | |
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Access government services and products
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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 Facedrive
Facedrive has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include EcoCred, FoodHWY and HiRide. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Carbon footprints are measured through EcoCred's mobile application.
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2018 | ||||
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A carpooling platform for Canadian travelers is offered by HiRide.
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2018 | ||||
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Online food delivery from local restaurants is facilitated.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Facedrive
| 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 |
Facedrive Comparisons
Competitors of Facedrive
Facedrive 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 Uber, Lyft, ubiCabs, Eva and Uride, 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 |
An online platform providing ride-hailing and food delivery services
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| domain | founded_year | HQ Location |
App-based ride-hailing aggregator
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| domain | founded_year | HQ Location |
App-based ride-hailing aggregator
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| domain | founded_year | HQ Location |
Immersive free-roam VR esports arenas are provided for gaming.
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| domain | founded_year | HQ Location |
Taxi-hailing services are facilitated via an app-based platform.
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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 Facedrive
Frequently Asked Questions about Facedrive
When was Facedrive founded?
Facedrive was founded in 2015 and raised its 1st funding round 5 years after it was founded.
Where is Facedrive located?
Facedrive is headquartered in Richmond Hill, Canada. It is registered at Richmond Hill, Ontario, Canada.
How many employees does Facedrive have?
As of Dec 31, 2024, the latest employee count at Facedrive is 6.
What does Facedrive do?
Facedrive was established in 2015 in Richmond Hill, Canada, within the mobility and logistics sector. An app-based platform is utilized for ride-hailing operations via a driver cooperative model, where rides are booked using location and passenger details. Real-time tracking and multiple payment options are included. Services extend to food delivery, electric car subscriptions, and an online marketplace for apparel sales. The Android mobile app supports these functions across the region.
Who are the top competitors of Facedrive?
How many acquisitions has Facedrive made?
Who are Facedrive's investors?
Facedrive has 4 investors. Key investors include Ontario Canada, Sayan Navaratnam, Connex Telecommunications, and Cantel Solutions.