When was Everest Fleet founded?

Everest Fleet was founded in 2016 and raised its 1st funding round 3 years after it was founded.

Where is Everest Fleet located?

Everest Fleet is headquartered in Mumbai, India. It is registered at C -105 , Mhatre Pen Building, Senapati Bapat Marg , Dadar West, Mumbai City, Mumbai, Maharashtra, India, 400028.

Who is the current CEO of Everest Fleet?

Siddharth Anand Ladsariya of Everest Fleet. They have also founded 1 company and are angel investors in 4 startups, including Yvorg.

Which legal entities is Everest Fleet associated with?

Everest Fleet is associated with EVEREST FLEET PRIVATE LIMITED and 5 others.

How many employees does Everest Fleet have?

As of Aug 31, 2025, Everest Fleet has 1807 employees, reflecting a 20% year-over-year decline in headcount.

Is Everest Fleet a funded company?

Everest Fleet is a funded company, having raised a total of $84.4M across 10 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Sep 02, 2019.

How much is Everest Fleet worth?

The latest valuation of Everest Fleet is $***** as of Nov 11, 2025. This marks a decline of 1% from its peak valuation of $421M in Sep, 2019. This marks a decline of 1% from its peak valuation of $421M in Sep, 2019.

When was the latest funding round of Everest Fleet?

Everest Fleet's latest funding was a $***** Series C round on Nov 11, 2025, with participation from 1 investor. Its primary sector is Road Transport Tech. In India, the Road Transport Tech sector has seen $371M in funding in 2026 to date.

What is the annual revenue of Everest Fleet?

Annual revenue of Everest Fleet is more than ₹1,000 Cr as on Mar 31, 2025

Where does Everest Fleet rank among its competitors?

Everest Fleet ranks 3rd amongst 7 active competitors, of which 4 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Carrum, which secured $10M in Sep, 2026.

Who are the top competitors of Everest Fleet?

Everest Fleet's top competitors include Alto, Carrum and Refex Mobility. Among them, Carrum secured the most recent funding round in September, 2026.

Everest Fleet - 2026 Company Profile, Team, Funding, Competitors & Financials

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 7 active competitors, including 4 that are funded. Its top competitors include companies like Alto, Carrum and Refex Mobility.

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

Series C, Nov 11, 2025, $*****

Post Money Valuation

$***** as on Nov 11, 2025

Investors

Uber & 81 more

Ranked

3^rd among 7 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

1,807 as on Aug 31, 2025

Similar Companies

Alto & 5 more

View Everest Fleet's full profile

Everest Fleet is associated with 6 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
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)
EL FLEET PRIVATE LIMITED CIN: U63000MH2022PTC393738 , India, Active	Nov 18, 2022	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
EGT RENT A CAR PRIVATE LIMITED CIN: U63032MH2021PTC373210 , India, Active	Dec 13, 2021	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
EGF TECH PRIVATE LIMITED CIN: U72900MH2021PTC370708 , India, Active	Nov 01, 2021	0 - ₹10 Cr (As on Mar 31, 2025)	-
ET FLEET PRIVATE LIMITED CIN: U63030MH2022PTC375789 , India, Active	Feb 01, 2022	0 - ₹10 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)

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

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 11, 2025	5437984	Series C	5076416	3329903	5594223	9470207
Nov 2024	9714534	Conventional Debt	8366262	3214051	2205312	British International Investment
Sep 18, 2024	2687391	Series C	1499787	6218457	Uber	7650469

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View details of Everest Fleet's funding rounds and investors

The 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
Siddharth Anand Ladsariya	Team	-	Current	7y 11m
Prihans Malay Dedhiya	Team	-	Current	7y 11m
Apurav Mahajan	Team	-	Current	3y 1m
Anand Khushal Chheda	Team	-	Current	1y 10m
Sumeet Singh Nindrajog	Investor	-	Current	3y 0m
Saranya Mukul Agrawal	Investor	-	Current	1y 10m
sjwkqlq	Investor	smzdrrv	Current	6y 6m

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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Top competitors of Everest Fleet include Alto, Carrum and Refex Mobility. Here is the list of Top 10 competitors of Everest Fleet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Alto 2018, Dallas (United States), Series B	App-based for booking ride hailing services	$61.8M	Road Ventures, Tuesday Capital & 8 others	63/100
2nd	Carrum 2024, Gurugram (India), Series B	Fleet management services company that provides solutions for efficient and mobility	$18.4M	Uber, GirnarSOFT & 1 others	62/100
3rd	Everest Fleet 2016, Mumbai (India), Series C	Provider of fleet management services including vehicle rentals and employee mobility	$84.4M	BlackSoil, Uber & 80 others	57/100
4th	Refex Mobility 2023, Chennai (India), Unfunded	Operator of electric vehicle fleet providing commute and transportation solutions	-	-	50/100
5th	Zenplus Fleet 2023, Bengaluru (India), Unfunded	Company providing fleet management solutions for transportation and logistics services	-	-	48/100
6th	Ottocar 2014, Hammersmith (United Kingdom), Series A	Provider of vehicle rental and ownership plans for professional drivers	$3.41M	Santander, Paragon Bank	45/100
7th	Quick-eV 2025, Thane (India), Unfunded	AI-powered mobility operating system for fleet optimization	-	-	16/100

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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	4662291	8341006	6049588	8981731
Siddharth Anand Ladsariya	5859938	1940406	8964113	8576232	7383427	9923331
Prihans Malay Dedhiya	8	1	7	5	8	3
Anand Khushal Chheda	5	5	3	8	4	2
Shivang Unadkat	0	0	0	0	0	0
Monil Sheth	0	0	0	0	0	0
Amar Kerkar	0	0	0	0	0	0
Apurav Mahajan	0	0	0	0	0	0
Fund	9.28%	343Cr	1502301	5729884	3993886	1661081
Paragon Partners	843	648	590	278	186	410
Enterprise	18.08%	669Cr	7853897	2006588	3650024	6914808
Angel	10.04%	372Cr	5280839	2281096	7471716	6674994
Other People	2.96%	109Cr	17	25	22	23
ESOP Pool	1.73%	63.9Cr	1	6	1	3
Total	100.00%	3,700Cr	2340964	3237205	2908561	2304130