Getting a ‘Private Driver’ is almost a luxury. While many prefer to drive their own car, not everyone is comfortable driving in terrible traffic conditions that exist. There are also other times, when they need a ‘private driver’, just on a short term basis especially while traveling long distances or if one is attending cocktail parties. Wouldn’t it be nice to hire a private driver just when needed without any hassles? This is where Bengaluru-based firm ‘Drive U’ catches us. Started a couple of years ago, the firm is closing its first pre-Series A funding.
Amit Singhal’s ‘Singhal Foundation’ led the pre-Series A closing with $3 million funding. Amit Singhal previously served as Vice-President, Search at Google.
DriveU is currently operating in Hyderabad, Mumbai, Delhi NCR, Bangalore, Chennai, and Pune. The company claims to allocate a driver in less than 30 min, once booked. Wooley and Madhavan founded Humble Mobile Solutions, that owns and operates DriveU.
India’s leading impact seed investor, ‘Unitus Seed Fund’ invested $1 million as a seed investment.
The firm currently operates 1000 trips per day, with 6,000 drivers enrolled on its platform. The company is trying to increase this number to 10,000 drivers by the end of 2018.