Wisedrive - About the company
Wisedrive is a seed company based in Bengaluru (India), founded in 2021 by Kalyandhar Vinukonda and Shashank Sharma. It operates as a Provider of AI-driven used car inspection and extended warranty services for used vehicles. Wisedrive has raised $1.09M in funding from Lighthouse Canton, with a current valuation of $*****. The company has 24 active competitors, including 2 funded and 1 that has exited. Its top competitors include companies like ECO, Checkgaadi and Zekardo.
Company Details
Provider of AI-driven used car inspection and extended warranty services for used vehicles. It utilizes artificial intelligence and machine learning for innovative used car inspection services and showroom-grade warranties. The company offers a range of solutions to ensure transparency and trust in the used car buying process.
- Website
- wisedrive.com
- Social
- Email ID
- *****@wisedrive.com
- Phone Number
- +91 **********
- Registered Address
- No.46/4, K No-661/3-1114/3,4,5 3rd Floor, Novel Tech Park, G B Palya, Bangalore, Bangalore, Karnataka, India, 560068
Key Metrics
Founded Year
2021
Location
Bengaluru, India
Stage
Seed
Total Funding
$1.09M in 3 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 30, 2024
Investors
Ranked
3rd among 24 active competitors
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
31 as on Jul 31, 2026
Similar Companies
Legal entities associated with Wisedrive
Wisedrive is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
WISEDRIVE TECHNOLOGIES PRIVATE LIMITED CIN: U50200KA2021PTC152682 , India, Active | Oct 04, 2021 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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Wisedrive's funding and investors
Wisedrive has raised a total funding of $1.09M over 3 rounds. Its first funding round was on Jun 28, 2022. Its latest funding round was a Seed round on Jul 22, 2024 for $*****. 2 investors participated in its latest round. Wisedrive has 6 institutional investors and 10 angel investors.
Here is the list of recent funding rounds of Wisedrive:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 22, 2024 | 2947731 | Seed | 3489137 | 2974147 | 3741800 | 8175053 |
Mar 30, 2024 | 3268008 | Seed | 2018412 | 6795043 | 2574231 | |
Jun 28, 2022 | 5623044 | Seed | 9762101 | 9107973 |
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Wisedrive's founders and board of directors
Founder? Claim ProfileThe founders of Wisedrive are Kalyandhar Vinukonda and Shashank Sharma. Kalyandhar Vinukonda is the CEO of Wisedrive.
Here are the details of Wisedrive's key team members:
- Kalyandhar Vinukonda: Co-Founder & CEO of Wisedrive. Contact Info: 1 email address and 1 phone number
- Shashank Sharma: Co-Founder & CMO of Wisedrive. Contact Info: 1 email address and 1 phone number
View details of Wisedrive's Founder profiles and Board Members
Wisedrive's employee count trend
Wisedrive has 31 employees as of Jul 26. Here is Wisedrive's employee count trend over the years:
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Wisedrive's Competitors and alternates
Top competitors of Wisedrive include ECO, Checkgaadi and Zekardo. Here is the list of Top 10 competitors of Wisedrive, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Auto inspection and verification service provider | - | - | 39/100 | |
2nd | Checkgaadi 2014, Bengaluru (India), Acquired | Online platform to book on demand vehicle inspection services | - | - | 37/100 |
3rd | Provider of AI-driven used car inspection and extended warranty services for used vehicles | $1.09M | 37/100 | ||
4th | Provider of pre-delivery inspection services for new and used cars | $78.2K | 33/100 | ||
5th |  Autoinspectorate 2012, Mumbai (India), Unfunded | Vehicle inspection service provider that offers technical expertise to buyers and sellers of used vehicles | - | - | 32/100 |
6th | _1567766136566.png?devicePixelRatio=2&height=30&width=30){kind=logo} HomeUsedCar 2017, Ghana, Deadpooled | Online platform that provides history check for vehicles | - | - | 30/100 |
7th | PLS Automobile Services 2002, Noida (India), Unfunded | Provider of CNG cylinder hydro-testing services | - | - | 29/100 |
8th |  R. R. SONS 2011, Mumbai (India), Unfunded | Provider of automotive inspection and valuation services | - | - | 29/100 |
9th | Provider of vehicle history reports including ownership, loan, and insurance details | - | - | 28/100 | |
10th | VahanCheck 2015, Mumbai (India), Unfunded | SaaS-based pre-inspection platform for vechicle insurance companies | - | - | 27/100 |
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Wisedrive's Latest cap tables and shareholding
Founders (largest shareholder) own 55.38%, Funds own 30.46%, Enterprises own 3.16% and Angels own 5.18%. The net worth of Wisedrive's founders is INR 19.7Cr as of Mar 30, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 55.38% | 19.7Cr | 2884176 | 9262598 | 7499969 | 1051842 |
Fund | 30.46% | 10.8Cr | 4043966 | 5659128 | 5705953 | 2082998 |
129909 | 670751 | 921880 | 307628 | 288751 | 661550 | |
Enterprise | 3.16% | 1.12Cr | 496 | 215 | 655 | 313 |
Angel | 5.18% | 1.84Cr | 79437 | 37006 | 11704 | 65486 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 0.65% | 23.2L | 0 | 0 | 0 | 0 |
ESOP Pool | 5.17% | 1.84Cr | 66456 | 23056 | 81306 | 97688 |
Total | 100.00% | 35.6Cr | 8825142 | 8950865 | 9404759 | 7472001 |
To unlock detailed Cap Table of Wisedrive 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 Wisedrive's Shareholding
Wisedrive's Investments and acquisitions
Wisedrive has made no investments or acquisitions yet.
Reports related to Wisedrive
Here is the latest report on Wisedrive's sector:
News related to Wisedrive
Media has covered Wisedrive for 1 event in last 1 year, It was about company updates.
•
•
Car extended warranty platform, Wisedrive raises dollar 1 million in seed roundAutocar Professional•Aug 18, 2022•Wisedrive
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