Founded in 2015, DriveU has emerged as a trailblazing car driver service based in Bengaluru, India, providing customers the convenience of booking and hiring drivers on a part-time or hourly basis. Co-founded by Ashok Shastry, his father Ramprasad 'Rahm' Shastry, and Amulmeet Singh Chadha, DriveU has quickly become a go-to platform for Indian car owners seeking hassle-free solutions to their driving needs.
Ashok Shastry, armed with a solid educational background in marketing and finance from the United States, gained valuable experience while working at TaxiForSure, which was later acquired by Ola. Harnessing his expertise and recognizing the untapped potential in the taxi space, Ashok ventured into the realm of entrepreneurship. Together with his father, Ramprasad 'Rahm' Shastry, and Amulmeet Singh Chadha, the trio embarked on the journey to create a revolutionary venture that would transform car ownership in India.
DriveU, since its inception, has remained committed to simplifying car ownership for Indian customers. Initially, the startup had three co-founders: the Shastry family and Amulmeet Singh Chadha, who played a crucial role in the company's early stages but eventually departed after serving as a co-founder for almost two years.
The platform offers an array of services, beyond driver hire, including insurance renewals, car washing, vacuuming, dry cleaning, vehicle servicing, and FASTag recharges. This diverse range of services has further solidified DriveU's position as a one-stop solution for car owners, catering to their every need related to car maintenance and driving.
Presently, DriveU's super app is available in major Indian cities, such as Bengaluru, Hyderabad, Chennai, Mumbai, Delhi-NCR, among others. This widespread availability has allowed DriveU to serve a vast customer base, earning significant acclaim and popularity.
DriveU generates its revenue through a commission-based model, taking a 20% cut from drivers for each booking. For customers, the pricing model is transparent and straightforward, with a nominal charge of INR 129 for the first hour and subsequent hourly billing. The startup also offers membership options starting from INR 299 per month, entailing various benefits such as ride discounts, priority service, dedicated customer support, and complimentary insurance coverage.
The impressive growth and success of DriveU have not gone unnoticed by investors. Through multiple funding rounds, DriveU has secured a remarkable $5.9 million in equity infusion, coupled with an additional $2.2 million in debt. Such substantial support from prominent investors, including Unitus Ventures, Stevens Creek Ventures, and the Singhal Foundation, has catapulted DriveU to new heights and empowered the company to expand its services and reach.
As reported by Inc42, DriveU's revenue in the financial year 2022-2023 reached an impressive figure of Rupees 61 crore. With a clear vision and ambitious goals, DriveU has set its sights on achieving a revenue milestone of Rupees 100 to 200 crore by the end of March 2024.
DriveU's journey from its inception to becoming a prominent player in the car driver service industry is a testament to the power of innovation, dedication, and a customer-centric approach. With a robust platform and a wide range of services, DriveU continues to shape the future of car ownership in India, offering customers unmatched convenience and reliability.
For more information or to avail of DriveU's services, visit their website at https://www.driveu.in/ and experience a seamless and enjoyable driving experience like never before.
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