About Vroom Drive
Vroom Drive was a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2016 by Ramesh Muthusamy. It offers web and mobile app-based self-drive car rental services. It operates on a B2C model. The company has 6 employees. Its Indian entity Vroom Drive India Private Limited reported revenue of ₹2.22 Cr. The company is recorded as dissolved. Its focus areas include Transportation, Rental Services, Car Rental and Self-Drive. Its competitors include Revv, Carzonrent and Drivezy; 2 of its 3 listed competitors have raised funding.
Company details
Vroom Drive offers web and mobile app-based self-drive car rental services through providing transportation services, providing rental services, car rental, and self-drive. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Bengaluru, India
- Employees 6
- Founders Ramesh Muthusamy
- SectorsTransportation, Automotive & Logistics
- Website vroomdrive.com
- Social X Facebook
- Legal Name Vroom Drive India Private Limited
- Date of Incorporation 14 May, 2016
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹2.22 Cr
FY 2023 · +28% YoY
- Net Loss-₹68.6 Lakh
FY 2023 · -31% margin
- EBITDA₹29.4 Lakh
FY 2023 · 13% margin
- Employee Count6
Associated legal entities of Vroom Drive
Vroom Drive operates through Vroom Drive India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vroom Drive India Private Limited CIN U60300KA2016PTC093271 | Active | 14 May 2016 | Bangalore, Karnataka | ₹2.2 Cr | 6 | 2 | View details |
Board of directors of Vroom Drive India Private Limited (Vroom Drive)
Vroom Drive India Private Limited is the primary company behind Vroom Drive. The board of Vroom Drive India Private Limited currently have 2 directors; the longest-serving is Muthusamy Ramesh, appointed in 2016. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Muthusamy Ramesh DIN 07474463 | Director | 14 May 2016 | 10 yrs 5 mo | Vroom Drive India Private Limited |
| Muthusamy Ramasamy DIN 07568671 | Additional Director | 17 Jan 2019 | 7 yrs 9 mo | Vroom Drive India Private Limited |
People of Vroom Drive
1 people are tracked at Vroom Drive (1 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for Vroom Drive
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Financials of Vroom Drive
Figures of Vroom Drive India Private Limited, the primary company behind Vroom Drive, for FY 2023. Revenue was ₹2.22 Cr (+28% year on year). Net loss was -₹68.6 Lakh (-31% margin). EBITDA was ₹29.4 Lakh (13% margin). Revenue has grown at a compounded annual rate of -10% over three years and +6% over five years.
- ₹2.22 CrRevenue · FY 2023 · +28% YoY
- -₹68.6 LakhNet loss · -31% margin
- ₹29.4 LakhEBITDA · 13% margin
- ₹2.61 CrPaid-up capital
- 6Employees (provident fund records)
- -10%Revenue CAGR, 3 years
- +6%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Vroom Drive India Private Limited are on its company page.
Detailed financial statements for Vroom Drive
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Competitors of Vroom Drive
Vroom Drive has 3 listed competitors in our database, 2 of them funded. They include Revv, Carzonrent and Drivezy.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| revv.co.in | 2015 | Bengaluru, India | $38.23M | 200 | Cars are rented online via a user-friendly platform. | |
| carzonrent.com | 2000 | Delhi, India | 295 | Car rental services are facilitated via an online booking platform. | ||
| drivezy.com | 2015 | Bengaluru, India | $39.05M | 5 | Car rentals are booked through an online platform by Drivezy. |
Detailed competitors of Vroom Drive
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Top companies in Car Rentals
3 companies that operate in the same segment as Vroom Drive (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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Frequently Asked Questions about Vroom Drive
Vroom Drive was founded in 2016.
Vroom Drive is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Vroom Drive has 6 employees.
The primary company behind Vroom Drive, Vroom Drive India Private Limited, reported revenue of ₹2.22 Cr for FY 2023, up 28% year on year.
Vroom Drive offers web and mobile app-based self-drive car rental services through providing transportation services, providing rental services, car rental, and self-drive. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
Vroom Drive's top competitors include Revv, Carzonrent and Drivezy.
Vroom Drive operates through Vroom Drive India Private Limited.
The legal entities of Vroom Drive currently have 2 directors, including Muthusamy Ramasamy, Muthusamy Ramesh.