# Drivezy India Travels Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drivezy-india-travels-pvt

- Industry: Transportation Services
- Headquarters: Bangalore, India
- Website: www.drivezy.com
- Total disclosed funding: $20M
- Latest round: Series B (Nov 28, 2018)
- Investors on record: 5

## About

Based in India, Drivezy India Travels Pvt Ltd provides car rental and shared mobility services, facilitating convenient transportation solutions for users across the country.Founded in 2015 and headquartered in Bangalore, India, Drivezy India Travels Pvt Ltd operates in the car rental and shared mobility sector. The company was co-founded by Ashwarya Singh, Hemant Sah, and Vasant Verma. Drivezy has secured a total of USD 20.00 mn in funding, with the latest round being a Series B raise on November 28, 2018, led by Das Capital and supported by investors like Axan Ventures, IT-Farm, and Yamaha Corporation. This Series B funding was part of a larger financing initiative totaling USD 120.00 mn.Drivezy India Travels Pvt Ltd specializes in car rentals and shared mobility services, allowing users to easily access vehicles for personal use or for transportation needs. The platform enhances user convenience through a seamless booking process, offering a range of vehicles to cater to different customer requirements. The service primarily targets individuals and businesses looking for flexible transportation options without the commitment of ownership.In the most recent fiscal year 2021, Drivezy reported a revenue of USD 1,830,543.50. However, the company experienced an EBITDA loss of USD 4,667,628.20 during the same period, indicating significant costs associated with its operational strategy.Drivezy India Travels Pvt Ltd is exploring the launch of new service offerings and enhancements to its existing platform, with aims to attract a broader user base while improving customer experience. The company is also looking to expand its operations into new geographic markets across India and possibly other regions by 2023. The recent funding of USD 20.00 mn from the Series B round will be utilized to support these growth initiatives, particularly focusing on technology upgrades and market expansion strategies.

## Funding rounds

- Series B, Nov 28, 2018, $20M — IT-Farm Corporation, Yamaha Corporation, Das Capital, Axan Ventures
- Angel, Aug 3, 2015 — Palaash Ventures

## Investors

- Palaash Ventures (https://capitalatlas.ai/funds/palaash-ventures) — Angel
- IT-Farm Corporation (https://capitalatlas.ai/funds/it-farm-corporation) — Series B
- Yamaha Corporation — Series B
- Das Capital (https://capitalatlas.ai/funds/das-capital) — Series B
- Axan Ventures — Series B