DriveU | Pixr8 News

10Apr By Sheldan RungasamyNo Comments

FUNDING

Funding Fest : All the Funding of the Past Week (2nd-9th April)

All the funding articles starting 2nd April to 9th April compiled in one. This week's edition contains 14 startups which raised a combined amount of approximately $ 460.35 Million. The highest funding of the week was recorded by PayTM Mall. To get additional details about the funding of a particular company, click on its hyperlink. Kaleidofin Kaleidofin, a Chennai based fintech platform raises $2.8 million seed funding led by Omidyar Network, a Silicon Valley-based impact investing firm established by Pierre Omidyar, the founder of eBay, Blume Ventures, and individual investors, including Israeli serial entrepreneur and inventor, Professor Shlomo Ben-Haim. BeYouPlus BeYouPlus, a Delhi-based health and wellness startup raised a funding round worth Rs 50 Lakhs from Fortis H...

DriveU Raises Funding From Ex-Google Inc Executive Amit Singhal

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 tr...

Unitus Seed Fund Invests in DriveU, India’s First On-Demand Private Driver Service

29th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, announced its investment in DriveU, a firm that aggregates on-demand drivers for private car owners in India. If Uber and Ola have changed the way people travel in urban India, there has been another creeping gap – that of utilization of privately owned vehicles in the country that has largely remained unaddressed. According to recent reports, there are more than 15 lakhs (1.5 million) private cars in Bengaluru, and 30% of the car owners are seeking drivers. And that’s just in Bangalore! DriveU, founded in 2015 by Ramprasad “Rahm” Shastry, Ashok Shastry and Amulmeet Singh, intends to revolutionize the self-driving habit in the country by addressing the...