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DriveU - About the company
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 131 active competitors, including 11 funded and 2 that have exited. Its top competitors include companies like Blacklane, Zofeur and DriverShaab.
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
Post Money Valuation
$***** as on Oct 10, 2024
Ranked
2nd among 131 active competitors
Annual Revenue
₹10 - ₹50 Cr as on Mar 31, 2026
Employee Count
185 as on May 01, 2026
Legal entities associated with DriveU
DriveU is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
DRIVEU MOBILITY SOLUTIONS PRIVATE LIMITED CIN: U74900KA2015PTC081648 , India, Active | Jul 17, 2015 | ₹10 - ₹50 Cr (As on Mar 31, 2026) | 185 (As on May 01, 2026) |
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DriveU's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 08, 2021 | 9037353 | Angel | 4108448 | 7840404 | 4988258 | 1282930 |
Jun 24, 2021 | 2928608 | Seed | 1722572 | 5567886 | 3941872 | |
Jun 03, 2020 | 3255995 | Seed | 2291246 | 3251439 |
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DriveU's founders and board of directors
Founder? Claim ProfileThe 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 |
|---|---|---|---|---|
Team | - | Current | 11y 1m | |
Team | - | Current | 11y 1m | |
gfqyumn | Team | - | Past | 1y 2m |
Independent board member | - | Current | 1y 9m |
View details of DriveU's Founder profiles and Board Members
DriveU's employee count trend
DriveU has 185 employees as of May 26. The total employee count is 6.0% more than what it was in May 25. Here is DriveU's employee count trend over the years:
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DriveU's Competitors and alternates
Top competitors of DriveU include Blacklane, Zofeur and DriverShaab. Here is the list of Top 10 competitors of DriveU, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of chauffeur services including airport transfers and city-to-city rides | $127M | 75/100 | ||
2nd | Provider of on-demand chauffeur services via a digital platform | $8.74M | 68/100 | ||
3rd | Zofeur 2020, Dubai (United Arab Emirates), Series A | App-based on-demand chauffeur services platform | $5.5M | 63/100 | |
4th |  DriverShaab 2019, Kolkata (India), Seed | App based platform for hiring on demand drivers | $369K | 54/100 | |
5th | Drivers4Me 2018, Kolkata (India), Seed | Online platform for booking on-demand drivers | $377K | 51/100 | |
6th |  Jeevz 2011, Fort Lauderdale (United States), Series A | Provider of professional drivers using client-owned vehicles for transportation needs | $2.5M | 45/100 | |
7th | App-based platform for booking on-demand drivers | $125M | 45/100 | ||
8th | AmRide 2011, Chicago (United States), Unfunded | Provider of an app-based platform for on-demand driver service | - | - | 41/100 |
9th |  Indian Drivers 2009, Pune (India), Unfunded | Online platform to hire drivers | - | - | 39/100 |
10th | App-based platform offering on-demand driver services | - | 39/100 |
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DriveU's Investments and acquisitions
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 | 2015 | Mumbai (India) | |
May 04, 2017 | Acquisition | 2015 | Chennai (India) | |
May 02, 2016 | Acquisition | 2014 | Gurugram (India) |
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Reports related to DriveU
Here is the latest report on DriveU's sector:
News related to DriveU
Filter this list•
On-Demand Driver Aggregator DriveU In Talks To Raise $10 Mn FundingInc42•Mar 13, 2024•DriveU, Capria, Unitus Ventures
•
With Over 650k Customers And Rs 61 Cr In Gmv, Driveu Is On Path To ProfitabilityYourStory•Jun 20, 2023•DriveU
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DriveU collaborates with MyGate to cater to the needs of Car Owners of 25,000 Societies Pan IndiaExpress Computer•Apr 27, 2023•DriveU, Mygate
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ReadyAssist Partners With DriveU To Offer Special Roadside Assistance Plan For WeekendsCarandbike•Aug 26, 2021•ReadyAssist, DriveU
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Driver Hire and Horizon Vehicle Management tie-up to widen servicesFleetworld•Nov 05, 2019•Horizon Vehicle Management, DriveU
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[Weekly funding roundup] The week that Binny Bansal quit also saw funding activity almost grind to a haltYourStory•Nov 16, 2018•Perpule, DriveU, Stevens Creek Ventures, Prapti Ventures and 79 others
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On-demand driver provider DriveU raises ₹7 crore from Stevens Creek VenturesThe Indian Wire•Nov 13, 2018•DriveU, Stevens Creek Ventures, Prapti Ventures, Kristin Najarian
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Acko General Insurance partners with DriveU to provide trip cover for car ownersIndiatimes•Oct 08, 2018•ACKO, DriveU
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DriveU gets Rs 20 cr funding led by Amit Singhal, othersIndiatimes•Mar 27, 2018•DriveU, singhalfoundation.org, Unitus Ventures, Preeth Chengappa and 10 others
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