DriveU Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Private

  • Employees
  • 150

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $10M

  • Investors
  • 10

DriveU General Information

Description

Operator of an on-demand driver booking platform intended to be used for personal car driving. The company's platform offers a mobile-based application for instant car driver booking services, nearest possible through GPS, enabling users to hire private chauffeurs at affordable prices on a temporary and hourly basis.

Contact Information

Website
www.driveu.in
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Automotive
Other Industries
Application Software
Corporate Office
  • 112/2, 17th Main Road
  • 5th Block, Koramangala
  • Bengaluru, Karnataka 560095
  • India
+91 088807 00000

DriveU Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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DriveU Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Later Stage VC 20-Jun-2023 $10M 00.000 Completed Generating Revenue
6. Later Stage VC 17-Jun-2021 00000 00.000 000.00 Completed Generating Revenue
5. Early Stage VC 01-Sep-2019 00000 00.000 000.00 Completed Generating Revenue
4. Early Stage VC (Series A1) 01-Oct-2018 00.000 Completed Generating Revenue
3. Seed Round 27-Mar-2018 00.000 00.000 000 Completed Generating Revenue
2. Early Stage VC (Series A) 24-Jan-2017 $1.59M $2.59M 000.00 Completed Generating Revenue
1. Seed Round 29-Feb-2016 $1M $1M 00.000 Completed Startup
To view DriveU’s complete valuation and funding history, request access »

DriveU Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion Price % Owned
Ordinary 0,000 00.000000 000.00 000.00 00 000.00 0.000
Preference 0,000 00.000000 000.00 000.00 00 000.00 0.000
Ordinary 0 00.000000 000.00 000.00 00 000.00 00
Ordinary 0,000 00.000000 000.00 000.00 00 000.00 0.00
Preference 00,000 00.000000 000.00 000.00 00 000.00 00.000
Preference 0,000 00.000000 000.0 000.0 00 000.0 0.000
Preference 00,000 00.000000 000.00 000.00 00 000.00 0.000
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%
To view DriveU’s complete cap table history, request access »

DriveU Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of an on-demand driver booking platform intended to be used for personal car driving. The company's platform of
Automotive
Bengaluru, India
150 As of 2024
00.000
0000000000 0 00.000

000000

enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip
0000000000
Mumbai, India
00 As of 0000
0000
0000000000 0000

000000

consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolo
0000000000
Chennai, India
00 As of 0000
00.000
000000000000 00.000
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DriveU Competitors (5)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Drivify Angel-Backed Mumbai, India 00 0000 0000000000 0000
GoBumpr Private Equity-Backed Chennai, India 00 00.000 000000000000 00.000
Blacklane Venture Capital-Backed Berlin, Germany 000 00000 000000000000 00000
Top4 Call Drivers Failed Transaction (VC) Chennai, India 00 0000000000 0
Zoomcar Formerly VC-backed Bangalore, India 000 00000 000000000000 00000
You’re viewing 5 of 5 competitors. Get the full list »

DriveU Executive Team (6)

Name Title Board Seat Contact Info
Ashok Shastry Co-Founder, Chief Executive Officer, Chief Operating Officer & Board Member
Ramprasad Shastry Executive Chairman & Chief Financial Officer
Anand E Director of Operations
Ashok Raavi Vice President of Engineering
You’re viewing 4 of 6 executive team members. Get the full list »

DriveU Board Members (3)

Name Representing Role Since
Ashok Shastry DriveU Co-Founder, Chief Executive Officer, Chief Operating Officer & Board Member 000 0000
Basu Ullagaddi Stevens Creek Ventures Board Member & Advisor 000 0000
Ramprasad Shastry DriveU Executive Chairman & Chief Financial Officer 000 0000
To view DriveU’s complete board members history, request access »

DriveU Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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DriveU Investors (10)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Basu Ullagaddi Angel (individual) Minority 000 0000 000000 0
David Richards Angel (individual) Minority 000 0000 000000 0
Geoff Woolley Angel (individual) Minority 000 0000 000000 0
Singhal Health Foundation Limited Partner Minority 000 0000 000000 0
Venture Farmer Family Office Minority 000 0000 000000 0
You’re viewing 5 of 10 investors. Get the full list »

DriveU Acquisitions (3)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Zuver 12-Jul-2017 0000000000 Automotive 00000 000
DriversKart 04-May-2017 0000000000 Automotive 000000000
Callathome 02-May-2016 Merger/Acquisition Social/Platform Software 000000000
To view DriveU’s complete acquisitions history, request access »

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