# Oye Rickshaw

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oye-rickshaw

- Industry: Transportation Services
- Headquarters: New Delhi, India
- Website: www.oyerickshaw.com
- Total disclosed funding: $12M
- Latest round: Series A (Jan 25, 2020)
- Investors on record: 6

## About

Oye Rickshaw is a transportation service company based in New Delhi, India, specializing in providing affordable rickshaw rides through an innovative app platform that connects drivers with passengers for efficient urban mobility.Founded in 2017 in New Delhi, India, Oye Rickshaw offers a mobile app-based rickshaw service to enhance urban transportation. The company was established by Akash Deep and Mohit Sharma, aiming to streamline rickshaw rides in the city. As of August 2022, Oye Rickshaw secured USD 250,000 in venture funding from Chiratae Ventures, bringing the total amount raised to USD 250,000.Oye Rickshaw operates a user-friendly mobile application that allows users to book rickshaw rides conveniently. The platform focuses on providing affordable and accessible transportation options for urban commuters, aiming to improve the commuting experience in densely populated areas. By connecting passengers with local rickshaw drivers, Oye Rickshaw facilitates a seamless travel experience within the city.In the most recent fiscal year of 2023, Oye Rickshaw reported a revenue of USD 2,777,907.10, alongside an EBITDA of USD 2,129,963.30, indicating a focus on maintaining a sustainable business model in the competitive transportation sector.Oye Rickshaw plans to leverage its recent funding of USD 250,000 to enhance its app features and expand its service offerings. The company is exploring opportunities to enter additional urban markets across India by the end of 2024, aiming to replicate its successful model in new cities. Furthermore, Oye Rickshaw is in the process of developing new functionalities within its app to improve user experience and attract a larger customer base.

## Funding rounds

- Series A, Jan 25, 2020, $10M — Matrix Partners, Chiratae Ventures, Xiaomi Corporation
- Seed, Jul 28, 2019, $0.4M — Blue Wolf Capital Partners, Vistra ITCL
- Seed, Sep 28, 2018, $1M — Z47

## Investors

- Z47 (https://capitalatlas.ai/funds/z47) — Seed
- Blue Wolf Capital Partners (https://capitalatlas.ai/funds/blue-wolf-capital-partners) — Seed
- Vistra ITCL — Seed
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A
- Chiratae Ventures (https://capitalatlas.ai/funds/chiratae-ventures) — Series A
- Xiaomi Corporation — Series A