About Sheerdrive
Sheerdrive is a company based in Mumbai (India) founded in 2019 by Mahesh Kale, Ravi Mehra, and Sajid Kakti. Sheerdrive has raised $2.46 million across 3 funding rounds from investors including Group Landmark, Enam Holdings and OldSold. The company has 118 employees as of April 11, 2024. Sheerdrive operates in a competitive market with competitors including Drivin Dealer, 2trde, Auction Edge, Xcira and Dealer Simplified, among others.
- Headquarter Mumbai, India
- Employees 118 as on 11 Apr, 2024
- Founders Mahesh Kale, Ravi Mehra, Sajid Kakti
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Website
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Social
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- Legal Name Sheerdrive Private Limited
- Date of Incorporation 13 Aug, 2019
- Jurisdiction Showroom Metro Estate Kalina Mumbai, Maharashtra, India
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Annual Revenue
$22.18 M (USD)43.5as on Mar 31, 2023
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Net Profit
-$766.07 K (USD)-93.21as on Mar 31, 2023
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EBITDA
-$771.19 K (USD)-97.14as on Mar 31, 2023
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Total Equity Funding
$2.46 M (USD)
in 3 rounds
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Latest Funding Round
$1.44 M (USD), Seed
Nov 26, 2022
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Investors
Group Landmark
& 75 more
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Employee Count
118
as on Apr 11, 2024
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People of Sheerdrive
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Funding Insights of Sheerdrive
Sheerdrive has successfully raised a total of $2.46M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.44 million completed in November 2022. 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.
Investors in Sheerdrive
Sheerdrive has secured backing from 76 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Group Landmark, Enam Holdings and OldSold.
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Multiple sectors are incubated by the foundation in Mumbai, India.
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Early-stage investments in multiple industries are targeted by the firm.
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Investments are made in early-stage tech startups across sectors.
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Investor details for Sheerdrive
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Investments & Acquisitions by Sheerdrive
Investment portfolio details for Sheerdrive
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Financial Statements - Sheerdrive
Detailed financials for Sheerdrive
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Sheerdrive Comparisons
Peer comparison for Sheerdrive
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Competitors of Sheerdrive
Sheerdrive 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 Drivin Dealer, 2trde, Auction Edge, Xcira and Dealer Simplified, among others.
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Online platform for automotive dealers to acquire used cars
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SaaS mobile applications for automobile marketing management are offered.
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Auction management solutions are delivered via a tech-enabled platform.
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Auction management systems are provided for businesses in various industries.
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Provides software for managing vehicle auctions and dealership operations.
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Detailed competitors of Sheerdrive
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Latest news on Sheerdrive
Complete news archive for Sheerdrive
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Frequently Asked Questions about Sheerdrive
Sheerdrive was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Sheerdrive is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ravi Mehra is the current CEO of Sheerdrive. They have also founded this company.
Sheerdrive is a funded company, having raised a total of $2.46M across 3 funding rounds to date.
As of Apr 11, 2024, the latest employee count at Sheerdrive is 118.
Annual revenue of Sheerdrive is $22.18M as on Mar 31, 2023.
Provider of B2B auction based marketplace for pre owned vehicles. It is a digital AI and ML platform that enables OEMs, banks, NBFCs, and used vehicle dealers to streamline used vehicle programs. The product modules include vehicle inspection, repair estimate generation, preocurement management and more. The platform assists vehicle sellers in implementing end to end used vehicle management programs.
Sheerdrive's top competitors include Auction Edge, Drivin Dealer and Xcira.
Sheerdrive has 76 investors. Key investors include Group Landmark, Enam Holdings, OldSold, KM Trans Logistics, and Pransh Capital Partners.
The valuation of Sheerdrive is $11.79M as of Nov 2022.