About vLer
vLer is a Transportation, Automotive & Logistics company based in Mumbai (India) founded in 2015, and was acquired by ACKO in June 2019. Rich online listings for new passenger vehicles are provided. Its Indian entity Vler Technologies Private Limited reported revenue of ₹9.7 Lakh. The company was acqui-hired. Its focus areas include Consumer, Auto E-Commerce & Content, New Vehicles and Cars. Its competitors include AckoDrive, MyNewCar and 91Wheels; 1 of its 3 listed competitors has raised funding.
Company details
vLer was founded in 2015 in Mumbai, India, as an online platform in the automotive sector. Passenger vehicles, including cars and SUVs, are listed with search options based on brand, budget, drive mode, usage, car type, and seating capacity. Information on price ranges, mileage, specifications, available colors, variants, and features is supplied to users for exploration. Operations focus on facilitating vehicle discovery through detailed digital listings.
Associated legal entities of vLer
vLer operates through Vler Technologies Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2017) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vler Technologies Private Limited CIN U50300MH2016PTC273194 | Strike Off | 17 Feb 2016 | Mumbai, Maharashtra | ₹0.1 Cr | 2 | View details |
Investors in vLer
vLer has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ACKO.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | acko.com | Bengaluru, India |
Investor details for vLer
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Board of directors of Vler Technologies Private Limited (vLer)
Vler Technologies Private Limited is the primary company behind vLer. The board of Vler Technologies Private Limited currently have 2 directors; the longest-serving is Sanjay Bharti, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjay Bharti DIN 07397226 | Director | 17 Feb 2016 | 10 yrs 8 mo | Vler Technologies Private Limited |
| Akash Saxena DIN 07985714 | Director | 08 Nov 2017 | 9 yrs | Vler Technologies Private Limited |
Financials of vLer
Figures of Vler Technologies Private Limited, the primary company behind vLer, for FY 2017. Revenue was ₹9.7 Lakh. Net loss was -₹9.3 Lakh (-96% margin). EBITDA was -₹9 Lakh (-93% margin).
- ₹9.7 LakhRevenue · FY 2017
- -₹9.3 LakhNet loss · -96% margin
- -₹9 LakhEBITDA · -93% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Vler Technologies Private Limited are on its company page.
Detailed financial statements for vLer
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Timeline of vLer
2 dated milestones of vLer across 4 years, from founding to its latest funding, stage changes and deals.
- Founded vLer is founded.
- Exit Acquired by ACKO.
Competitors of vLer
vLer has 3 listed competitors in our database, 1 of them funded. They include AckoDrive, MyNewCar and 91Wheels.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ackodrive.com | 2018 | Bengaluru, India | 636 | Provides automotive news, reviews, prices, and online car purchasing options. | ||
| mynewcar.in | 2014 | Mumbai, India | $2.11M | 8 | New cars are purchased online via a multi-brand marketplace. | |
| 91wheels.com | 2019 | Gurugram, India | 82 | Online platform for car, bike, and scooter listings and comparisons in India. |
Detailed competitors of vLer
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Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as vLer (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Vler
Complete news archive for vLer
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Frequently Asked Questions about vLer
vLer was founded in 2015.
vLer is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind vLer, Vler Technologies Private Limited, reported revenue of ₹9.7 Lakh for FY 2017.
vLer was founded in 2015 in Mumbai, India, as an online platform in the automotive sector. Passenger vehicles, including cars and SUVs, are listed with search options based on brand, budget, drive mode, usage, car type, and seating capacity. Information on price ranges, mileage, specifications, available colors, variants, and features is supplied to users for exploration. Operations focus on facilitating vehicle discovery through detailed digital listings.
vLer has 1 investor. Key investors include ACKO.
vLer operates through Vler Technologies Private Limited.
Yes. vLer was acquired by ACKO in June 2019.
The legal entities of vLer currently have 2 directors, including Sanjay Bharti, Akash Saxena.