Drivezy funding | Pixr8 News

Sharing economy-focused startup Drivezy is close to finalising a $60 million funding round (about Rs 432 crore), as it looks to double down on its vehicle sharing platform, particularly its two-wheeler segment. The Bengaluru-based on-demand startup, which announced i.ts $20 million Series B round last month, expects to close the latest round by end-January, and which is likely to value the three-year-old company about $400 million, a four-fold jump from its November valuation. Drivezy currently counts Das Capital, the investment firm founded by Japanese serial entrepreneur and investor Shinji Kimura, Bain Capital, the multi-asset alternative investment firm co-founded by former US presidential candidate Mitt Romney, European investment firm Accent Equity...

India’s mobility sharing platform Drivezy has secured funds amounting to $20 million Series B financing round. The particular round was led by existing investor Das Capital. The round also saw participation from backers like automotive giant Yamaha, Axan Partners and IT-Farm. With this funding, the total amount of funds the company has raised so far reaches $31 million. Along with this, the startup has also inked a $100 million asset financing deal backed by Japan’s AnyPay, which will see new cars and motorbikes added to Drivezy’s fleet over the next year. Initially, the company was known as JustRide. It claims to have a fleet of around 8,000 vehicles that includes 5,000 two-wheelers (motorbikes and scooters) and 3,000 cars, which probably attracts around 37,000 customers every mo...

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