About Sheerdrive
Sheerdrive is a Transportation, Automotive & Logistics 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. Sheerdrive was last valued at $11.79 million in November 2022. Its chief executive, as recorded, is Ravi Mehra. Its Indian entity Sheerdrive Private Limited reported revenue of ₹47.77 Cr. Its focus areas include Auto Tech, Auto IT, Dealer Management and Operations Management.
Company details
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.
- Headquarters Mumbai, India
- Employees 118
- Founders Mahesh Kale, Ravi Mehra, Sajid Kakti
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website sheerdrive.in
- Social LinkedIn Facebook
- Legal Name Sheerdrive Private Limited
- Date of Incorporation 13 Aug, 2019
- Jurisdiction Maharashtra, India
- Annual Revenue₹47.77 Cr
FY 2025 · -67% YoY
- Net Loss-₹3.87 Cr
FY 2025 · -8% margin
- EBITDA-₹3.65 Cr
FY 2025 · -8% margin
- Total Equity Funding$2.46M (USD)
in 3 rounds
- Latest Funding Round$1.44M (USD), Seed
Nov 2022
- InvestorsGroup Landmark
& 75 more
- Employee Count118
Associated legal entities of Sheerdrive
Sheerdrive operates through Sheerdrive Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sheerdrive Private Limited CIN U74999MH2019PTC329255 | Active | 13 Aug 2019 | Mumbai, Maharashtra | ₹47.8 Cr | 118 | 4 | View details |
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.
- Total Funding $2.46M
- Total Rounds 3
- Last Round Seed — $1.44M
- First Round $680,270
(Nov 2020)
- Investors Count 76
All 3 funding rounds of Sheerdrive 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 |
|---|---|---|---|---|---|
| Nov 2022 | $1.44M | Seed | $11.79M | JITO Incubation & Innovation Foundation, Inflection Point Ventures | |
| May 2021 | $335,890 | Seed | – | Volrado Venture Partners | |
| Nov 2020 | $680,270 | Seed | $3.16M | Landmark Cars | – |
| Date | Valuation | Stage |
|---|---|---|
| Nov 2022 | $11.79M | •••••••• |
| Nov 2020 | $3.16M | •••••••• |
Last known valuation $11.79M (Nov 2022). 76 investors in total: 17 institutional and 59 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are incubated by the foundation in Mumbai, India. | jitojiif.com | Mumbai, India | ||
Early-stage investments in multiple industries are targeted by the firm. | volradoventurepartners.tcc.mode | Mumbai, India | ||
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Early-stage seed investments are syndicated in INSEAD entrepreneurs across Asia. | inseadangels.asia | Hong Kong, China | ||
Investment philosophy, portfolio management, and advisory services in Ahmedabad. | 2021 | pransh.in | Ahmedabad, India | |
Tech focused early stage VC firm investing in the US | vistavp.com | Palo Alto, United States | ||
Multiple sectors are invested in by the venture capital firm. | aarnaajmeraventures.tcc.mode | Mumbai, India | ||
Investments in foodtech startups are managed by Vgrow Ventures. | vgrowventures.tcc.mode | Belgaum, India | ||
Investment in Indian capital markets and initiatives in asset management and renewable energy. | 1984 | enam.com | Mumbai, India | |
Automotive retail services, financing, and vehicle maintenance are provided. | 1998 | grouplandmark.in | Ahmedabad, India |
Investor details for Sheerdrive
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Sheerdrive Private Limited (Sheerdrive)
Sheerdrive Private Limited is the primary company behind Sheerdrive. The board of Sheerdrive Private Limited currently have 4 directors; the longest-serving is Ravisen Manmohan Mehra, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ravisen Manmohan Mehra DIN 05319551 | Managing Director | 13 Aug 2019 | 7 yrs 2 mo | Sheerdrive Private Limited |
| Minakkshi Mehraa DIN 08536089 | Director | 13 Aug 2019 | 7 yrs 2 mo | Sheerdrive Private Limited |
| Siddharth Vijay Panikar DIN 00242508 | Director | 12 Nov 2020 | 5 yrs 11 mo | Sheerdrive Private Limited |
| Harshal Manojkumar Desai DIN 08958940 | Director | 12 Nov 2020 | 5 yrs 11 mo | Sheerdrive Private Limited |
People of Sheerdrive
10 people are tracked at Sheerdrive (6 in leadership, 4 in team); the tracked headcount is 118.
| Name | Role | Group |
|---|---|---|
Mahesh Kale | Co-Founder & CBO | Leadership |
Ravi Mehra | Co-Founder & CEO | Leadership |
Sajid Kakti | Co-Founder & Head Of Technology | Leadership |
Roger D'Souza | Head Of Product | Leadership |
Mayuri Joshi Ghodke | Head - HR | Leadership |
Meherdeep Gaje | Vice President - B2b | Leadership |
Deepak Sahoo | Manager | Team |
Harshal Chhadwa | Developer | Team |
Manisha Bisht | Senior Executive Human Resources | Team |
Haider Abbas | Business Ananlyst | Team |
Complete people profiles for Sheerdrive
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Sheerdrive
Figures of Sheerdrive Private Limited, the primary company behind Sheerdrive, for FY 2025. Revenue was ₹47.77 Cr (-67% year on year). Net loss was -₹3.87 Cr (-8% margin). EBITDA was -₹3.65 Cr (-8% margin). Revenue has grown at a compounded annual rate of -28% over three years.
- ₹47.77 CrRevenue · FY 2025 · -67% YoY
- -₹3.87 CrNet loss · -8% margin
- -₹3.65 CrEBITDA · -8% margin
- ₹1.08 CrPaid-up capital
- 118Employees (provident fund records)
- -28%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Sheerdrive Private Limited are on its company page.
Detailed financial statements for Sheerdrive
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 Sheerdrive
4 dated milestones of Sheerdrive across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Sheerdrive is founded.
- Funding First funding round of $680K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.4M.
Web traffic of Sheerdrive
Websites that share an audience with Sheerdrive (sheerdrive.in).
Websites whose visitors overlap most with Sheerdrive. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
sheerdrivepro.com | sheerdrivepro.com | 100% | #13,374,398 | – |
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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 CEO of Sheerdrive, as recorded in our data. They have also founded this company.
Sheerdrive is a funded company, having raised a total of $2.46M across 3 funding rounds to date. The company's 1st funding round was a Seed of $680.27K, raised on Nov 2020.
Sheerdrive has 118 employees.
The primary company behind Sheerdrive, Sheerdrive Private Limited, reported revenue of ₹47.77 Cr for FY 2025, down 67% year on year.
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 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.
Sheerdrive operates through Sheerdrive Private Limited.
The legal entities of Sheerdrive currently have 4 directors, including Siddharth Vijay Panikar, Harshal Manojkumar Desai, Ravisen Manmohan Mehra and others.