About Zendrive
Zendrive is a company based in San Francisco (United States) founded in 2013 was acquired by Intuit in June 2024.. Zendrive has raised $53.62 million across 4 funding rounds from investors including Intuit, Hearst and XL Innovate. The company has 69 employees as of April 08, 2024. Zendrive offers products and services including IQL Platform, Usage-Based Insurance, and Claims Automation. Zendrive operates in a competitive market with competitors including Coalition, Nauto, Clearcover, BitSight and At-Bay, among others.
- Headquarter San Francisco, United States
- Employees 69 as on 08 Apr, 2024
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Sectors
Financial ServicesTransportation, Automotive & Logistics
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Email
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Phone
*********
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Website
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Social
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- Legal Name Credit Karma India Private Limited
- Date of Incorporation 05 Dec, 2013
- Jurisdiction Bangalore South, Karnataka, India
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Annual Revenue
$8.28 M (USD)10.43as on Mar 31, 2023
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Net Profit
$850.56 K (USD)8.33as on Mar 31, 2023
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EBITDA
$1.32 M (USD)0.51as on Mar 31, 2023
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Total Equity Funding
$53.62 M (USD)
in 4 rounds
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Latest Funding Round
$37 M (USD), Series B
Aug 20, 2019
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Investors
Intuit
& 15 more
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Employee Count
69
as on Apr 08, 2024
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Acquired by
Intuit
(Jun 13, 2024)
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Products & Services of Zendrive
Zendrive offers a comprehensive portfolio of products and services, including IQL Platform, Usage-Based Insurance, and Claims Automation. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for embedding driving tests in apps for insurance savings.
System for coaching drivers and reducing collision risks through data.
Automates collision detection and claims processing for insurers.
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Funding Insights of Zendrive
Zendrive has successfully raised a total of $53.62M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $37 million completed in August 2019. 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 Total Funding
- Total Rounds 4
- Last Round Series B — $37.0M
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First Round
First Round
(29 Aug 2013)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2019 | Amount | Series B - Zendrive | Valuation | XL Innovate | |
| Feb, 2016 | Amount | Series A - Zendrive | Valuation | ACME | |
| Nov, 2014 | Amount | Seed - Zendrive | Valuation | Expansion Venture Capital , Fontinalis Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Zendrive
Zendrive has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Intuit, Hearst and XL Innovate. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in US tech startups are made by XL Innovate.
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Founded Year | Domain | Location | |
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Seed and early-stage startups are funded by SignalFire.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Zendrive
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Zendrive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Zendrive Comparisons
Competitors of Zendrive
Zendrive 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 Coalition, Nauto, Clearcover, BitSight and At-Bay, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online property and casualty insurance is provided for businesses.
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| domain | founded_year | HQ Location |
AI-enabled driver monitoring and fleet safety management solutions
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| domain | founded_year | HQ Location |
Automotive insurance is delivered via an online platform.
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| domain | founded_year | HQ Location |
Cloud-based cyber risk management solutions are delivered for various industries.
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| domain | founded_year | HQ Location |
Online cyber insurance platform is provided for business risk assessment.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Zendrive
Frequently Asked Questions about Zendrive
When was Zendrive founded?
Zendrive was founded in 2013.
Where is Zendrive located?
Zendrive is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Zendrive a funded company?
Zendrive is a funded company, having raised a total of $53.62M across 4 funding rounds to date.
How many employees does Zendrive have?
As of Apr 08, 2024, the latest employee count at Zendrive is 69.
What is the annual revenue of Zendrive?
Annual revenue of Zendrive is $8.28M as on Mar 31, 2023.
What does Zendrive do?
Founded in 2013 and based in San Francisco, United States, Zendrive operates in the AI and telematics sector. An platform is provided that leverages mobile sensors to capture driving behaviors, including collision detection, phone usage, aggressive maneuvers, and distractions. AI algorithms are applied to identify patterns, generating insights for performance improvement. Solutions are targeted at fleet operators and insurance providers.
Who are the top competitors of Zendrive?
Zendrive's top competitors include Coalition, Nauto and Clearcover.
What products or services does Zendrive offer?
Zendrive offers IQL Platform, Usage-Based Insurance, and Claims Automation.
Who are Zendrive's investors?
Zendrive has 16 investors. Key investors include Intuit, Hearst, XL Innovate, SignalFire, and Nyca Partners.
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