# Wisedrive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wisedrive

- Industry: Insurance
- Headquarters: Bangalore, India
- Website: www.wisedrive.in
- Total disclosed funding: $0.9M
- Latest round: Seed (Jun 28, 2022)
- Investors on record: 2

## About

Based in Karnataka, India, and founded in 2021, Wisedrive Technologies Private Limited, also known as Wisedrive, operates as a warranty company. The company was founded by its CEO Kalyandhar Vinukonda. In August 2022, Wisedrive Technologies Private Limited raised USD 1 million in seed funding led by Nueva Capital and Spiral Ventures.

Wisedrive offers a car extended warranty platform that protects users' vehicles and reduces the cost and time of auto maintenance. The services offered by the company include engine and transmission warranty services; periodic maintenance; roadside assistance; and more. The company provides warranty services to cars such as Honda, Ford, Hyundai, Toyota, Maruti, and Skoda. In addition, the company also provides a mobile application for both Android and iOS users.

The company monetizes through subscription-based pricing plans, and the plans include Easy Go, Flexi Go, and Premium Go.

The company plans to use the funds raised in August 2022 to expand its reach by building more partnerships with used car dealerships across the country.

## Funding rounds

- Seed, Jun 28, 2022, $0.9M — Spiral Ventures, LC Nueva Capital

## Investors

- Spiral Ventures (https://capitalatlas.ai/funds/spiral-ventures) — Seed
- LC Nueva Capital (https://capitalatlas.ai/funds/lc-nueva-capital) — Seed