DriveU, a startup that specializes in providing private drivers on-demand, recently secured Rs 1.6 Cr in a Pre-Series A round funding led by ex google executive Amitabh and Shilpa Singhal’s investment vehicle, Living Trust. The startup operated by Humble Mobile Solutions Private Limited first allotted 6449 shares at Rs 10 each and a premium of 2,490.
While it was rumoured that Amit Singhal and DriveU’s existing investor, Unitus Seed Fund had invested about Rs 20 crore in the startup, it actually seems that the total about of this funding round amounted to Rs 1.6 Cr only. Since inception, DriveU has raised a total of INR 22 Cr from its investors.
DriveU is a startup that focuses in providing professional drivers who know the city in and out to its clients who don’t want to have the trouble of driving through a jammed city. DriveU operates essentially in Tier 1 cities, notably, Bangalore, Mumbai, Hyderabad, Pune, Chennai and Delhi. It functions mostly via its mobile app, which allows users to instantly book a driver and transport the user to his/her desired location in a vehicle he provided. They recently introduced the maintenance of cars as a new service feature to its clients.
DriveU was founded in 2015 by Amulmeet Chadha, Ashok Shastry and Rahm Shastry and have vowed to donate 1% of their total revenue to CUPA, an Indian charitable trust that works for the welfare of animals. The firm previously acquired Driverskart, Callathome and Zuver in a bid to consolidate its B2B and B2C service.