When was DriveU founded?

DriveU was founded in 2015 and raised its 1st funding round within a year of its incorporation.

Where is DriveU located?

DriveU is headquartered in Bengaluru, India. It is registered at 19, 3rd Floor, 1st Cross Road, KHB Colony, 5th Block, Koramangala, Koramangala VI Bk, Bangalore, Bangalore South, Karnataka, India, 560095.

Which legal entities is DriveU associated with?

DriveU is associated with DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED.

How many employees does DriveU have?

As of Aug 31, 2025, the latest employee count at DriveU is 176.

Is DriveU a funded company?

DriveU is a funded company, having raised a total of $8.74M across 14 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 26, 2015.

How much is DriveU worth?

The latest valuation of DriveU is $***** as of Oct 10, 2024.

When was the latest funding round of DriveU?

DriveU's latest funding was a $***** Angel round on Sep 08, 2021, with participation from 1 investor.

What is the annual revenue of DriveU?

Annual revenue of DriveU is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does DriveU rank among its competitors?

DriveU ranks 1st amongst 35 active competitors, of which 5 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was DriverShaab, which secured $330K in Apr, 2025.

Who are the top competitors of DriveU?

DriveU's top competitors include DriverShaab, Drivers4Me and CarChalak. Among them, DriverShaab secured the most recent funding round in April, 2025.

DriveU - 2026 Company Profile, Team, Funding, Competitors & Financials

DriveU is a seed company based in Bengaluru (India), founded in 2015 by Rahm Shastry and Ashok Shastry. It operates as a Provider of on-demand chauffeur services via a digital platform. DriveU has raised $8.74M in funding from investors like Capria, Sitare Foundation and Stevens Creek Ventures, with a current valuation of $*****. The company has 35 active competitors, including 5 that are funded. Its top competitors include companies like DriverShaab, Drivers4Me and CarChalak.

Company Details

Provider of on-demand chauffeur services via a digital platform. The platform facilitates connections with background-verified drivers for immediate or scheduled transportation needs. Services include options for booking drivers for commutes, hourly arrangements, and events. The platform also provides options for vehicle maintenance and FASTag recharge services.

Website: www.driveu.in/
Social
Email ID: *****@driveu.in
Phone Number: +91 **********
Registered Address: 19, 3rd Floor, 1st Cross Road, KHB Colony, 5th Block, Koramangala, Koramangala VI Bk, Bangalore, Bangalore South, Karnataka, India, 560095

Key Metrics

Founded Year

2015

Location

Bengaluru, India

Stage

Seed

Total Funding

$8.74M in 14 rounds

Latest Funding Round

Angel, Sep 08, 2021, $*****

Post Money Valuation

$***** as on Oct 10, 2024

Investors

Capria & 47 more

Ranked

1^st among 35 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

176 as on Aug 31, 2025

Investment & Acquisitions

Zuver & 2 more

Similar Companies

Blacklane & 224 more

View DriveU's full profile

DriveU is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED CIN: U74900KA2015PTC081648 , India, Active	Jul 17, 2015	₹10 - ₹50 Cr (As on Mar 31, 2025)	184 (As on Apr 01, 2026)

DriveU has raised a total funding of $8.74M over 14 rounds. Its first funding round was on Sep 26, 2015. Its latest funding round was a Angel round on Sep 08, 2021 for $*****. 1 investor participated in its latest round. DriveU has 23 institutional investors and 25 angel investors.

Here is the list of recent funding rounds of DriveU:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 08, 2021	1241251	Angel	3875864	2331606	5257001	7190762
Jun 24, 2021	5276831	Seed	6059286	5131807	6487231	Hegde Family Revocable Trust & 2 more
Jun 03, 2020	9980838	Seed	1588176	6079076	Capria	Hegde Family Revocable Trust & 9 more

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View details of DriveU's funding rounds and investors

The founders of DriveU are Rahm Shastry and Ashok Shastry.

Here are the details of DriveU's key team members:

Rahm Shastry: Co-Founder & CEO of DriveU. They serve on the board of 1 company.
Contact Info: 1 email address
Ashok Shastry: Co-Founder & Director of DriveU. They serve on the board of 1 company.

DriveU's Board of Directors

DriveU's board has 3 active members. Rahm Shastry and Ashok Shastry are part of team and Ullagaddi Basavaraj is independent board member.

Here is the list of DriveU's board of directors:

Name	Type	Representing	Status	Duration
Rahm Shastry	Team	-	Current	11y 0m
Ashok Shastry	Team	-	Current	11y 0m
mqutawv	Team	-	Past	4y 1m
Ullagaddi Basavaraj	Independent board member	-	Current	1y 8m

View details of DriveU's Founder profiles and Board Members

DriveU's employee count trend

DriveU has 176 employees as of Aug 25. The total employee count is 11.0% more than what it was in Aug 24. Here is DriveU's employee count trend over the years:

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Top competitors of DriveU include DriverShaab, Drivers4Me and CarChalak. Here is the list of Top 10 competitors of DriveU, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	DriveU 2015, Bengaluru (India), Seed	Provider of on-demand chauffeur services via a digital platform	$8.74M	CreedCap Asia Advisors, Capria & 46 others	68/100
2nd	DriverShaab 2019, Kolkata (India), Seed	App based platform for hiring on demand drivers	$369K	Inflection Point Ventures, IIMCIP & 3 others	54/100
3rd	Drivers4Me 2018, Kolkata (India), Seed	Online platform for booking on-demand drivers	$377K	Singhvi Heritage, Kredent Group & 14 others	51/100
4th	CarChalak 2014, Jaipur (India), Funding Raised	App-based platform offering on-demand driver services	-	AIC-GIM Foundation	39/100
5th	Indian Drivers 2009, Pune (India), Unfunded	Online platform to hire drivers	-	-	38/100
6th	Ezi Drive 2008, Bengaluru (India), Unfunded	Online platform to book cabs & driver services	-	-	35/100
7th	Driverskart 2015, Chennai (India), Acqui-Hired	Mobile app for on-demand personal chauffeur	$450K	Lead Angels, ah! Ventures & 6 others	35/100
8th	DriveronHire 2014, Mumbai (India), Unfunded	Online platform for booking drivers	-	-	31/100
9th	Sun Drivers 2018, Bengaluru (India), Deadpooled	Online platform hire drivers	-	-	31/100
10th	Top4 2005, Chennai (India), Unfunded	Online-based platform for ondemand-drivers	-	-	29/100

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Looking for more details on DriveU's competitors? Click here to see the top ones

Founders own 28.50%, Funds (largest shareholder) own 46.02%, Enterprises own 1.75% and Angels own 14.39%. The net worth of DriveU's founders is INR 80.4Cr as of Oct 10, 2024.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	28.50%	80.4Cr	2766205	6142214	9967098	2190541
Rahm Shastry	1133828	9790387	7691041	4969111	6504248	1409347
Ashok Shastry	9894311	9387081	3987530	7856670	5597199	2329941
Fund	46.02%	130Cr	7994226	2588410	1581909	4386360
Stevens Creek Ventures	7381300	6214676	2648267	6092640	7958158	4121793
Capria	2	4	6	8	8	3
Hegde Family Revocable Trust	1	6	3	4	4	2
Enterprise	1.75%	4.92Cr	4	1	1	4
Angel	14.39%	40.6Cr	3924383	4112389	7094876	6428964
Kristin Najarian	2	2	1	7	1	7
Sridhar Narayanan	0	0	0	0	0	0
Subramanian Ganesan	0	0	0	0	0	0
Manoj Sumatilal Gandhi	0	0	0	0	0	0
Other People	0.18%	51.6L	0	0	0	0
ESOP Pool	9.16%	25.8Cr	7442125	6401910	7853207	9034330
Total	100.00%	282Cr	9624051	8077190	7984932	9947896

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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

View more details of DriveU's Shareholding

DriveU has acquired 3 companies including Zuver, Driverskart and CallAtHome. DriveU has not made any investments as of now.

Here is the list of its acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 12, 2017	Acquisition	Zuver	2015	Mumbai (India)
May 04, 2017	Acquisition	Driverskart	2015	Chennai (India)
May 02, 2016	Acquisition	CallAtHome	2014	Gurugram (India)