Everest Fleet - About the company
Everest Fleet is a series C company based in Mumbai (India), founded in 2016 by Siddharth Anand Ladsariya, Prihans Malay Dedhiya, Apurav Mahajan, Anand Khushal Chheda, Shivang Unadkat, Monil Sheth, Sidarth Vohra and Amar Kerkar. It operates as a Provider of fleet management services including vehicle rentals and employee mobility. Everest Fleet has raised $84.4M in funding from investors like Uber, Paragon Partners and Rockstud Capital, with a current valuation of $*****. The company has 8 active competitors, including 5 that are funded. Its top competitors include companies like Moove, Alto and Carrum.
Company Details
Provider of fleet management services including vehicle rentals and employee mobility. The company offers vehicle options and logistics solutions. It facilitates transportation and delivery services. The company also provides vehicle maintenance.
- Website
- everestfleet.com
- Social
- Email ID
- *****@everestfleet.com
- Registered Address
- C -105 , Mhatre Pen Building, Senapati Bapat Marg , Dadar West, Mumbai City, Mumbai, Maharashtra, India, 400028
Key Metrics
Founded Year
2016
Location
Mumbai, India
Stage
Series C
Total Funding
$84.4M in 10 rounds
Latest Funding Round
Post Money Valuation
$***** as on Nov 11, 2025
Ranked
4th among 8 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
1,807 as on Aug 31, 2025
Legal entities associated with Everest Fleet
Everest Fleet is associated with 6 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
EGT RENT A CAR PRIVATE LIMITED CIN: U63032MH2021PTC373210 , India, Active | Dec 13, 2021 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | - | |
EVEREST FLEET NORTH PRIVATE LIMITED CIN: U60200DL2021PTC376761 , India, Active | Feb 09, 2021 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 5 (As on Aug 31, 2025) | |
EGF TECH PRIVATE LIMITED CIN: U72900MH2021PTC370708 , India, Active | Nov 01, 2021 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
EL FLEET PRIVATE LIMITED CIN: U63000MH2022PTC393738 , India, Active | Nov 18, 2022 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | - | |
EVEREST FLEET PRIVATE LIMITED CIN: U63090MH2018PTC316634 , India, Active | Oct 31, 2018 | ₹1,000+ Cr (As on Mar 31, 2025) | 1711 (As on Apr 01, 2026) | |
ET FLEET PRIVATE LIMITED CIN: U63030MH2022PTC375789 , India, Active | Feb 01, 2022 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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Everest Fleet's funding and investors
Everest Fleet has raised a total funding of $84.4M over 10 rounds. Its first funding round was on Sep 02, 2019. Its latest funding round was a Series C round on Nov 11, 2025 for $*****. 1 investor participated in its latest round. Everest Fleet has 33 institutional investors and 49 angel investors.
Here is the list of recent funding rounds of Everest Fleet:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 11, 2025 | 2648782 | Series C | 9770216 | 7782866 | 5169713 | 1030702 |
Nov 2024 | 6450189 | Conventional Debt | 4900329 | 1133783 | 1146379 | |
Sep 18, 2024 | 2173166 | Series C | 1254303 | 1889500 | 6869145 |
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Everest Fleet's founders and board of directors
Founder? Claim ProfileThe founders of Everest Fleet are Siddharth Anand Ladsariya, Prihans Malay Dedhiya, Apurav Mahajan, Anand Khushal Chheda, Shivang Unadkat, Monil Sheth, Sidarth Vohra and Amar Kerkar. Siddharth Anand Ladsariya is the CEO of Everest Fleet.
Here are the details of Everest Fleet's key team members:
- Siddharth Anand Ladsariya: Co-Founder & CEO of Everest Fleet and founder of 1 other company. They are also an angel investor in 4 startups and serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Prihans Malay Dedhiya: Co-Founder of Everest Fleet. They serve on the board of 1 company.Contact Info: 1 email address and 2 phone numbers
- Apurav Mahajan: Co-Founder of Everest Fleet. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Anand Khushal Chheda: Co-Founder of Everest Fleet. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Shivang Unadkat: Co-Founder of Everest Fleet. They are also an angel investor in 1 startup.Contact Info: 1 email address and 1 phone number
Everest Fleet's Board of Directors
Everest Fleet's board has 7 active members. Sumeet Singh Nindrajog, Siddharth Anand Ladsariya, Prihans Malay Dedhiya, Apurav Mahajan, Anand Khushal Chheda, Saranya Mukul Agrawal and Prashant Garg are part of team.Here is the list of Everest Fleet's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 7y 9m | |
Team | - | Current | 7y 9m | |
Team | - | Current | 2y 11m | |
Team | - | Current | 1y 8m | |
Investor | - | Current | 1y 8m | |
Investor | - | Current | 0y 4m | |
sfvbzpp | Investor | - | Past | 2y 5m |
View details of Everest Fleet's Founder profiles and Board Members
Everest Fleet's employee count trend
Everest Fleet has 1,807 employees as of Aug 25. The total employee count is 20.0% lower than what it was in Aug 24. Here is Everest Fleet's employee count trend over the years:
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Everest Fleet's Competitors and alternates
Top competitors of Everest Fleet include Moove, Alto and Carrum. Here is the list of Top 10 competitors of Everest Fleet, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of revenue-based vehicle financing to mobility entrepreneurs | $510M | 66/100 | ||
2nd | Alto 2018, Dallas (United States), Series B | App-based for booking ride hailing services | $61.8M | 63/100 | |
3rd | Fleet management services company that provides solutions for efficient and mobility | $7M | 59/100 | ||
4th |  Everest Fleet 2016, Mumbai (India), Series C | Provider of fleet management services including vehicle rentals and employee mobility | $84.4M | 57/100 | |
5th | Refex Mobility 2023, Chennai (India), Unfunded | Operator of electric vehicle fleet providing commute and transportation solutions | - | - | 50/100 |
6th | Zenplus Fleet 2023, Bengaluru (India), Unfunded | Company providing fleet management solutions for transportation and logistics services | - | - | 48/100 |
7th | Ottocar 2014, Hammersmith (United Kingdom), Series A | Provider of vehicle rental and ownership plans for professional drivers | $3.41M | 45/100 | |
8th | AI-powered mobility operating system for fleet optimization | - | - | 16/100 |
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Everest Fleet's Latest cap tables and shareholding
Founders (largest shareholder) own 57.91%, Funds own 9.28%, Enterprises own 18.08% and Angels own 10.04%. The net worth of Everest Fleet's founders is INR 2,140Cr as of Nov 11, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 57.91% | 2,140Cr | 6206930 | 6036043 | 5758625 | 8332496 |
1991164 | 4608972 | 2939268 | 4033972 | 1313537 | 1440716 | |
3 | 1 | 4 | 5 | 2 | 5 | |
4 | 7 | 4 | 1 | 7 | 7 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 9.28% | 343Cr | 5265991 | 2327342 | 6196232 | 4088443 |
772 | 822 | 952 | 390 | 560 | 860 | |
Enterprise | 18.08% | 669Cr | 3189551 | 2344021 | 7451827 | 7144419 |
Angel | 10.04% | 372Cr | 3710013 | 8197327 | 4018174 | 9304706 |
Other People | 2.96% | 109Cr | 84 | 53 | 86 | 31 |
ESOP Pool | 1.73% | 63.9Cr | 4 | 2 | 2 | 6 |
Total | 100.00% | 3,700Cr | 1411361 | 6106929 | 5452329 | 1315013 |
To unlock detailed Cap Table of Everest Fleet Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Everest Fleet's Shareholding
Everest Fleet's Investments and acquisitions
Everest Fleet has made no investments or acquisitions yet.
Reports related to Everest Fleet
Here is the latest report on Everest Fleet's sector:
News related to Everest Fleet
Filter this listMedia has covered Everest Fleet for a total of 2 events in the last 1 year.
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Uber India invests $20M in Everest Fleet, its third investment in the company.Entrackr•Nov 07, 2025•Everest Fleet, Uber
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Everest Fleet's revenue crosses Rs 1,000 Cr in FY24, remains profitableEntrackr•Nov 08, 2024•Everest Fleet
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Everest Fleet Raises INR 251 Cr From Uber To Expand OperationsInc42•Sep 19, 2024•Everest Fleet, Uber
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Axis Bank Backs Everest Fleet With $12.1 Mn Loan To Accelerate Electric Mobility In IndiaStartupNews•Apr 29, 2024•Everest Fleet, Axis Bank, GuarantCo, PIDG
•
•
Axis Bank, GuarantCo Enable INR 1 Billion Loan for Everest Fleet's Electric Taxissiliconindia•Jan 10, 2024•Everest Fleet, Axis Bank, GuarantCo
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