DriveU Overview
- Year Founded
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2015
- Status
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Private
- Employees
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160
- Latest Deal Type
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Series B
- Latest Deal Amount
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$10M
- Investors
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12
DriveU General Information
Description
Developer of an automotive service platform intended to simplify car ownership for customers. The company's platform offers verified drivers for commutes, errands, and events, professional cleaning, and insurance renewal, enabling car owners with a convenient and efficient way to manage their vehicles.
Contact Information
Website
www.driveu.inCorporate Office
- 112/2, 17th Main Road
- 5th Block, Koramangala
- Bengaluru, Karnataka 560095
- India
Corporate Office
- 112/2, 17th Main Road
- 5th Block, Koramangala
- Bengaluru, Karnataka 560095
- India
DriveU Timeline
DriveU Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 8. Later Stage VC (Series B) | 13-Mar-2024 | $10M | Completed | Generating Revenue | ||
| 7. Later Stage VC | 17-Jun-2021 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series A) | 01-Jun-2020 | Completed | Generating Revenue | |||
| 5. Early Stage VC | 01-Sep-2019 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series A1) | 01-Oct-2018 | Completed | Generating Revenue | |||
| 3. Early Stage VC | 27-Mar-2018 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 24-Jan-2017 | $1.59M | $2.59M | Completed | Generating Revenue | |
| 1. Seed Round | 29-Feb-2016 | $1M | $1M | Completed | Generating Revenue |
DriveU Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| Preference | ||||||||
| Ordinary | ||||||||
| Ordinary | ||||||||
| Preference | ||||||||
| Preference | ||||||||
| Preference | ||||||||
| CCPS | 20,118 | $0.137059 | $20.44 | $20.44 | 1x | $20.44 | 8.9% | |
| Ordinary | 16,395 | $0.137059 | $20.44 | $20.44 | 1x | $20.44 | 7.26% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
DriveU Comparisons
Industry
Financing
Details
DriveU Competitors (13)
One of DriveU’s 13 competitors is RepairPal, a Formerly VC-backed company based in San Francisco, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| RepairPal | Formerly VC-backed | San Francisco, CA | ||||
| Drivify | Formerly Angel backed | Mumbai, India | ||||
| Cars24 | Venture Capital-Backed | Gurugram, India | ||||
| Drivemate | Formerly VC-backed | Bangkok, Thailand | ||||
| WhoCanFixMyCar | Formerly VC-backed | London, United Kingdom |
DriveU Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
DriveU Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
DriveU Investors (12)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Angel (individual) | Minority | |||
| Angel (individual) | Minority | |||
| Patamar Capital | Venture Capital | Minority | ||
| Angel (individual) | Minority | |||
| Unitus Ventures | Venture Capital | Minority |
DriveU Acquisitions (3)
DriveU’s most recent deal was a Merger/Acquisition with Zuver. The deal was made on 12-Jul-2017.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Zuver | 12-Jul-2017 | Merger/Acquisition | Automotive | ||
| DriversKart | 04-May-2017 | Merger/Acquisition | Automotive | ||
| Callathome | 02-May-2016 | Merger/Acquisition | Social/Platform Software |
DriveU FAQs
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When was DriveU founded?
DriveU was founded in 2015.
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Where is DriveU headquartered?
DriveU is headquartered in Bengaluru, India.
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What is the size of DriveU?
DriveU has 160 total employees.
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What industry is DriveU in?
DriveU’s primary industry is Automotive.
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Is DriveU a private or public company?
DriveU is a Private company.
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What is DriveU’s current revenue?
The current revenue for DriveU is .
-
How much funding has DriveU raised over time?
DriveU has raised $17M.
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Who are DriveU’s investors?
, , Patamar Capital, , and Unitus Ventures are 5 of 12 investors who have invested in DriveU.
-
Who are DriveU’s competitors?
RepairPal, Drivify, Cars24, Drivemate, and WhoCanFixMyCar are some of the 13 competitors of DriveU.
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