DRIVEZY CASE STUDY

DRIVEZY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

DRIVEZY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

DRIVEZY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

Co-Founder and CEO: Ashwarya Pratap Singh

DRIVEZY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

DRIVEZY BUSINESS MODEL

Drivezy is an online platform that allows users to discover and book for self-driving rental cars and two-wheelers.

DRIVEZY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

STORY BEHIND THE IDEA DRIVEZY

The concept of ridesharing during this time that Ashwarya Pratap Singh’s new Ford Figo met with an accident.

Ashwarya Says, “I barely used my car for more than an hour a day, and I spent a good [art of my salary to maintain the vehicle. The accident made me realize that a lot of people my age might be facing the same conundrum”.

This was the lightbulb moment for Ashwarya, who was joined by his college friends Hemant Kumar Sah, Vasant Verma, And Amit Sahu to come up with a new concept: JustRide. The platform allowed people to rent cars to self-drive.

Initially, they began with leasing around 250 cars. Today, the platform, which has been re-branded as Drivezy, has expanded its services to include 4,000 cars and 16,000 two-wheelers.

DRIVEZY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

FUNDING

Drivezy Total Funding: $148.4M

In Nov 2015, it achieves $2M Seed funding.

In March 2017, it achieves $400K Seed funding.

In Nov 2016, it achieves $3M led by SUSA, Kima Ventures, Y Combinator.

In Oct 2017, it achieves $5M led by IT-FARM.

In Feb 2018, $5M in Initial Coin Offering.

In Apr 2018, $8M in Initial Coin Offering.

In Nov 2018, $20M in Series B led by Das Capital, Yamaha, and It-Farm.

In Nov 2018, $100M.

 

 

INVESTORS

SUSA, Das Capital, Yamaha, and It-Farm.

ESTIMATED ANNUAL REVENUE

$4M

DRIVEZY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

DISCOVER

FOUNDED: 2014

CO-FOUNDER: Ashwarya Pratap Singh

HEADQUARTERS: Bangalore, Karnataka

EMPLOYEES: 500+

Industry Sector: Road Transportation.

CARS: 4,000+

TWO WHEELERS: 16,000+

FACEBOOK FOLLOWER: 183,468

TWITTER FOLLOWER:  200+

COMPETITORS

Zoomcar, Volercars, Revv, Selfdrive, Let me drive, OLA, Micar, BlaBlaCar, U-drive, and AVIS.

Thanks for reading

DRIVEZY CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

Subscribe To Get latest update

share your startup story and inspire all