Everest Fleet Private
Latest round
- Series B
Last raised
- Sep 2023
Total raised
- $26M
Investors
- 9
About Everest Fleet Private
Everest Fleet Pvt Ltd, founded in 2016 in Mumbai, India, specializes in fleet management solutions. The company was established by a group of entrepreneurs, including Amar Kerkar, Anand Chheda, Apurav Mahajan, Monil Sheth, Prihaans Dedhiya, Sidarth Vohra, and Siddharth Ladsariya, who serves as the CEO. Everest Fleet operates as a comprehensive fleet management company, primarily offering ride-hailing and logistics services through an extensive fleet of over 18,500 vehicles, including CNG and electric cars. Their core offerings focus on providing efficient transportation solutions across seven key metro cities in India, including Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Kolkata, and Chennai. The company collaborates with major taxi aggregators to enhance shared mobility while also supporting unorganized sector entrepreneurship. In addition to ride-hailing, Everest Fleet manages the secure transportation of perishables using refrigerated and freezer vans, addressing the logistics needs of businesses across various sectors.61 mn. Revenue generation is primarily driven through partnerships with taxi aggregators, where the company earns a share from each ride booked through its platform. The structure of transactions typically involves business-to-business (B2B) relationships, where local businesses, including restaurants and retail stores, utilize Everest Fleet's logistics services for the delivery of perishable goods. Furthermore, the company offers driving jobs that are tied to the operational framework of the fleet, with drivers compensated based on the number of completed trips and delivery assignments. While specific pricing plans for their ride-hailing and logistics services are not disclosed, the transactional model emphasizes flexible earnings for drivers and predictable costs for business clients, ensuring a stable service offering in the competitive fleet management landscape.
Who invested in Everest Fleet Private
9 investors across 3 rounds
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Questions about Everest Fleet Private
Who invested in Everest Fleet Private?
Everest Fleet Private has 9 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Everest Fleet Private raised?
Everest Fleet Private has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Everest Fleet Private last raise money?
Everest Fleet Private's most recent round on record is a Series B, in Sep 2023.
What does Everest Fleet Private do?
Everest Fleet Pvt Ltd, founded in 2016 in Mumbai, India, specializes in fleet management solutions.
Where is Everest Fleet Private headquartered?
Everest Fleet Private is headquartered in Mumbai, India.
Which VCs invest in companies like Everest Fleet Private?
Among active investors with capital left to deploy, Shanghai State-owned Capital Investment Leading Fund, Yufu Capital, ICBC Capital Management and Ningbo Tongshang Fund back transportation services companies at Everest Fleet Private's stage. Their profiles are linked below.
VCs backing transportation services startups at Series B
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