About Luxury Ride
Luxury Ride is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2022 by Dhianu Das, Vishal Singh, Vikram Pannu, and Sumit Garg. Luxury Ride is a dealer specializing in the sale of high-quality used cars. It operates on a B2C model. Luxury Ride has raised $1 million across 1 funding round. The company has 45 employees. Its Indian entity Luxury Ride India Private Limited reported revenue of ₹42.74 Cr. Its focus areas include Automotive, Sales, Used Vehicles and Dealership. Its competitors include Spinny, CarDekho and CarWale; 3 of its 3 listed competitors have raised funding.
Company details
Luxury Ride operates with a B2C model, focusing on dealing with automotive parts, sales, used vehicles, and dealership. Luxury Ride is a dealer specializing in the sale of high-quality used cars. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Delhi, India
- Employees 45
- Founders Dhianu Das, Vishal Singh, Vikram Pannu, Sumit Garg
- SectorsTransportation, Automotive & Logistics
- Website luxuryride.in
- Social X Facebook
- Legal Name Luxury Ride India Private Limited
- Date of Incorporation 09 Jun, 2017
- Jurisdiction Delhi, India
- Annual Revenue₹42.74 Cr
FY 2021 · +67% YoY
- Net Loss-₹59.9 Lakh
FY 2021 · -1% margin
- EBITDA₹35.3 Lakh
FY 2021 · 1% margin
- Total Equity Funding$1M (USD)
in 1 rounds
- Latest Funding Round$1M (USD), Seed
Apr 2019
- Employee Count45
Associated legal entities of Luxury Ride
Luxury Ride is associated with 4 registered companies on The Company Check; the primary company is Luxury Ride India Private Limited. 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 |
|---|---|---|---|---|---|---|---|
| Luxury Ride India Private Limited CIN U50401DL2017PTC318961 | Active | 09 Jun 2017 | Delhi, Delhi | ₹42.7 Cr | 63 | 3 | View details |
| Luxury Ride Jaipur Llp CIN AAW-3292 | Active | 16 Mar 2021 | Jaipur, Rajasthan | 25 | 2 | View details | |
| Luxury Ride Global Private Limited CIN U50400DL2022PTC393164 | Active | 02 Feb 2022 | New Delhi, Delhi | ₹40.5 Cr | 42 | 2 | View details |
| Luxury Ride Service Private Limited CIN U50100DL2022PTC392478 | Active | 14 Jan 2022 | New Delhi, Delhi | ₹0.9 Cr | 53 | 2 | View details |
Funding Insights of Luxury Ride
Luxury Ride has successfully raised a total of $1M through 1 strategic funding round. The most recent funding activity was a Seed round of $1 million completed in April 2019. 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 $1M
- Total Rounds 1
- Last Round Seed — $1M
- First Round $1M
(Apr 2019)
All 1 funding rounds of Luxury Ride 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 |
|---|---|---|---|---|---|
| Apr 2019 | $1M | Seed | – | – | – |
Board of directors of Luxury Ride India Private Limited (Luxury Ride)
Luxury Ride India Private Limited is the primary company behind Luxury Ride. The boards of the 4 registered companies of Luxury Ride currently have 5 directors; the longest-serving is Sumit Garg, appointed in 2017. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sumit Garg DIN 07797651 | Director | 09 Jun 2017 | 9 yrs 4 mo | Luxury Ride India Private Limited |
| Dhianu Das DIN 00495663 | Director | 02 Mar 2021 | 5 yrs 7 mo | Luxury Ride India Private Limited |
| Gaurang Mangal DIN 08457123 | Designated Partner | 16 Mar 2021 | 5 yrs 7 mo | Luxury Ride Jaipur Llp |
| Vikram Pannu DIN 08201286 | Designated Partner | 16 Mar 2021 | 5 yrs 7 mo | Luxury Ride Jaipur Llp, Luxury Ride Global Private Limited, Luxury Ride Service Private Limited, Luxury Ride India Private Limited |
| Himanshu Arya DIN 02530128 | Director | 02 Feb 2022 | 4 yrs 8 mo | Luxury Ride Global Private Limited, Luxury Ride Service Private Limited |
People of Luxury Ride
4 people are tracked at Luxury Ride (4 in leadership); the tracked headcount is 45.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Vishal Singh | Co-Founder | Leadership |
| Co-Founder | Leadership | |
| Co-Founder, Managing Director | Leadership |
Complete people profiles for Luxury Ride
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Financials of Luxury Ride
Figures of Luxury Ride India Private Limited, the primary company behind Luxury Ride, for FY 2021. Revenue was ₹42.74 Cr (+67% year on year). Net loss was -₹59.9 Lakh (-1% margin). EBITDA was ₹35.3 Lakh (1% margin). Revenue has grown at a compounded annual rate of +1738% over three years.
- ₹42.74 CrRevenue · FY 2021 · +67% YoY
- -₹59.9 LakhNet loss · -1% margin
- ₹35.3 LakhEBITDA · 1% margin
- ₹1.50 CrPaid-up capital
- 63Employees (provident fund records)
- +1738%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Luxury Ride India Private Limited are on its company page.
Detailed financial statements for Luxury Ride
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Luxury Ride
2 dated milestones of Luxury Ride across 3 years, from founding to its latest funding, stage changes and deals.
- Funding First funding round of $1.0M.
- Founded Luxury Ride is founded.
Competitors of Luxury Ride
Luxury Ride has 3 listed competitors in our database, 3 of them funded. They include Spinny, CarDekho and CarWale.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| spinny.com | 2015 | Gurugram, India | $741.46M | 5,736 | Retailer of inspected, certified pre-owned vehicles with service and finance options | |
| cardekho.com | 2008 | Jaipur, India | $60M | 2,381 | Retailer of new automobiles, used vehicles, and related automotive news | |
| carwale.com | 2003 | Mumbai, India | $5.89M | 1,150 | Second-hand cars are listed online to connect buyers and sellers. |
Detailed competitors of Luxury Ride
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Top companies in Car Rentals
3 companies that operate in the same segment as Luxury Ride (Car Rentals) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Car rental and transportation services are provided for diverse needs. | 1996 | Delhi, Delhi, India | USD 86.12 M | 950 | ||
Offers self-drive car rentals across South India with doorstep delivery and subscriptions. | 2018 | Ernakulam, Kerala, India | USD 329.22 M | |||
Car rental and mobility services for corporate and personal needs in India and internationally. | 1996 | Delhi, Delhi, India |
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Related news about Luxury Ride
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Frequently Asked Questions about Luxury Ride
Luxury Ride was founded in 2022.
Luxury Ride is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Luxury Ride is a funded company, having raised a total of $1M across 1 funding round to date. The company's 1st funding round was a Seed of $1M, raised on Apr 2019.
Luxury Ride has 45 employees.
The primary company behind Luxury Ride, Luxury Ride India Private Limited, reported revenue of ₹42.74 Cr for FY 2021, up 67% year on year.
Luxury Ride operates with a B2C model, focusing on dealing with automotive parts, sales, used vehicles, and dealership. Luxury Ride is a dealer specializing in the sale of high-quality used cars. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Luxury Ride is associated with 4 legal entities: Luxury Ride India Private Limited, Luxury Ride Jaipur Llp, Luxury Ride Global Private Limited and others.
The legal entities of Luxury Ride currently have 5 directors, including Gaurang Mangal, Vikram Pannu, Himanshu Arya and others.