DriversKart, an innovative startup based out of Chennai, has acquired a Mumbai-headquartered on demand driver provider – Driven. Prior to the acquisition, DriversKart, had recently raised an undisclosed amount of funding from ah! Ventures and few other investors as a part of its Pre-Series-A round.
Started in September 2015, DriversKart is already operational in 5 major cities; Bangalore, Mumbai, Pune, Delhi and Chennai, has a strong team of 20 employees and is already servicing 10,000 rides a month. It has been efficiently catering to the B2C as well as the B2B market in India and has been the preferred driver provider for self-drive car rental company like zoomcar, justride, etc. This growth shall be even more accelerated given that Driven, is already a strong player in a key geography like Mumbai and is currently serving almost 1000 customers per month.
Commenting on the acquisition of Driven, Vinit Srivastava, co-founder and CEO of DriversKart, says, “Driven has a very strong team and good presence in the Mumbai consumer market and there is immediate value in this deal for DriversKart. We get access to a team who was equally excited and passionate about this space and have had tremendous learnings in short span of time.”
The sentiment has also been seconded by Shivalik Sen, Founder and CEO of Driven, as he says, “We are quite excited about this development. We believe that this acquisition helps Driven be part of a bigger brand and together will provide greater reach across the country.”
The acquisition deal was a combined equity and cash deal. This acquisition, in the wake of the recent fund infusion, stands to be pivotal part in the expansion plans of DriversKart.This move, closely following its Pre-Series A round of funding, makes DriversKart a market leader in India’s thriving, on-demand driver marketplace.