About Peersome
Peersome was a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2015, and was acquired by Indus Motor in October 2017. An online marketplace for self-drive car rentals. It operates on a B2C model. Peersome has raised $44.54 thousand across 2 funding rounds from investors including Times Internet, TLabs and Indus Motors. Peersome was last valued at $502.89 thousand in June 2016. Its Indian entity Peersome Cars Private Limited reported revenue of ₹4.9 Lakh. The company is recorded as dissolved. Its focus areas include Transportation, Rental Services, Car Rentals and Online Marketplace. Its competitors include Savaari, Zoomcar and Revv; 3 of its 3 listed competitors have raised funding.
Company details
Peersome, based in Bengaluru, focuses on providing transportation services, providing rental services, car rentals, and online marketplace. An online marketplace for self-drive car rentals. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website peersome.com
- Social X Facebook
- Acquired by Indus Motor (Oct 2017)
- Legal Name Peersome Cars Private Limited
- Date of Incorporation 29 Oct, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹4.9 Lakh
FY 2016
- EBITDA-₹1.5 Lakh
FY 2016 · -30% margin
- Total Equity Funding$44.54K (USD)
in 2 rounds
- Latest Funding Round$44.54K (USD), Seed
Jun 2016
- InvestorsTimes Internet
& 2 more
- Acquired byIndus Motor
(Oct 2017)
Associated legal entities of Peersome
Peersome operates through Peersome Cars Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Peersome Cars Private Limited CIN U74900KA2015PTC083770 | Strike Off | 29 Oct 2015 | Bangalore, Karnataka | ₹0.0 Cr | 3 | View details |
Funding Insights of Peersome
Peersome has successfully raised a total of $44.54K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $44.54 thousand completed in June 2016. 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 $44,535
- Total Rounds 2
- Last Round Seed — $44,535
- Investors Count 2
All 2 funding rounds of Peersome 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 |
|---|---|---|---|---|---|
| Jun 2016 | $44,535 | Seed | $502,889 | TLabs | – |
| Apr 2016 | Seed | – | Times Internet | – |
Last known valuation $502,889 (Jun 2016). 3 investors in total: 3 institutional.
Investors in Peersome
Peersome has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Times Internet, TLabs and Indus Motors.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Consumer internet startups are accelerated and funded by TLabs. | tlabs.in | Delhi, India | ||
Provider of digital content, advertising solutions, and technology services | 1999 | timesinternet.in | Gurugram, India | |
Indus Motors is recognized as a leading Maruti Suzuki dealer in Kerala. | indusmotor.com | Ernakulam, India |
Investor details for Peersome
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Peersome Cars Private Limited (Peersome)
Peersome Cars Private Limited is the primary company behind Peersome. The board of Peersome Cars Private Limited currently have 3 directors; the longest-serving is Laxmi Pavani Sattaluri, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Laxmi Pavani Sattaluri DIN 07328167 | Director | 29 Oct 2015 | 11 yrs | Peersome Cars Private Limited |
| Sayanta Ghosh DIN 07325581 | Director | 29 Oct 2015 | 11 yrs | Peersome Cars Private Limited |
| Ram Sharma DIN 10752398 | Director | 26 Aug 2024 | 2 yrs 2 mo | Peersome Cars Private Limited |
Financials of Peersome
Figures of Peersome Cars Private Limited, the primary company behind Peersome, for FY 2016. Revenue was ₹4.9 Lakh. EBITDA was -₹1.5 Lakh (-30% margin).
- ₹4.9 LakhRevenue · FY 2016
- -₹1.5 LakhEBITDA · -30% margin
- ₹2.3 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Peersome Cars Private Limited are on its company page.
Detailed financial statements for Peersome
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Peersome
4 dated milestones of Peersome across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Peersome is founded.
- Funding First funding round.
- Funding Latest funding round, Seed, of $45K.
- Exit Acquired by Indus Motor.
Competitors of Peersome
Peersome has 3 listed competitors in our database, 3 of them funded. They include Savaari, Zoomcar and Revv.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| savaari.com | 2006 | Bengaluru, India | $5.93M | 192 | App-based intercity ride-hailing aggregator | |
| zoomcar.com | 2012 | Bengaluru, India | $264.32M | Self-drive car rentals are facilitated via a sharing marketplace. | ||
| revv.co.in | 2015 | Bengaluru, India | $38.23M | 200 | Cars are rented online via a user-friendly platform. |
Detailed competitors of Peersome
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Car Rentals
3 companies that operate in the same segment as Peersome (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 Peersome
Complete news archive for Peersome
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Frequently Asked Questions about Peersome
Peersome was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Peersome is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Peersome is a funded company, having raised a total of $44.54K across 2 funding rounds to date.
The primary company behind Peersome, Peersome Cars Private Limited, reported revenue of ₹4.9 Lakh for FY 2016.
Peersome, based in Bengaluru, focuses on providing transportation services, providing rental services, car rentals, and online marketplace. An online marketplace for self-drive car rentals. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Peersome has 3 investors. Key investors include Times Internet, TLabs, and Indus Motors.
The valuation of Peersome is $502.89K as of Jun 2016.
Peersome operates through Peersome Cars Private Limited.
Yes. Peersome was acquired by Indus Motor in October 2017.
The legal entities of Peersome currently have 3 directors, including Laxmi Pavani Sattaluri, Sayanta Ghosh, Ram Sharma.