The acquisition combines B2C strength of DriveU with B2B innovations of Zuver to serve customers in six largest Indian metros 12 July 2017, Bengaluru. DriveU, India’s first and largest on-demand driver aggregator acquires Mumbai-based Zuver, an on-demand driver service provider that primarily caters to the business segment, in an all-equity deal. Post-acquisition, Sovin Hegde and […]
India’s largest on-demand driver service for private cars consolidates its dominant position and offers a compelling urban private transport alternative 05 May 2017, Bengaluru. Our investee, DriveU, India’s first and largest on-demand driver aggregator acquired Chennai-based DriversKart, an on-demand driver-service provider serving primarily the business segment in an all-equity deal. With this acquisition, DriveU consolidates […]
Both the companies will continue to run as separate entities. 03 April, 2017, Bengaluru. Bengaluru-based on-demand laundry service provider PickMyLaundry has acquired Gurgaon-based OneClickWash, a subscription-based laundry firm, in an all cash deal. Both the companies will continue to run as separate entities. Founded in 2015, OneClickWash is an app-based, end-to-end laundry service (washing, drying […]
The glory days of popular cab-aggregators Uber and Ola seem to be fading fast. Both the companies which once lured drivers, making them take hefty bank loans for purchasing brand-new cars, are now facing severe backlash with ongoing strikes and protests across major cities (Delhi, Bangalore and Chennai). As per Economic Times, “32% of fleet […]
Raised USD $3.65 mn from IDG Ventures, Michael & Susan Dell Foundation, Draper Associates and Unitus Seed Fund to expand to 8 cities by 2019. Bangalore, India, March 7, 2017. Intra-city logistics startup Blowhorn has raised USD $3.65 mn (INR 25 crores) in series A funding from IDG Ventures India, together with the Michael & […]
BetterPlace Safety Solutions Pvt. Ltd, a Bangalore-based startup that uses data analytics to offer background verification services, has received an undisclosed amount of investment from Venture Highway through VH Capital, according to a press statement. It has previously backed companies such as Plabro, Tracxn, Meesho, Deal4Loans, Moglix and Gingercrush.
Last month at IBM’s Engage 2016, Nandan Nilekani, former Chairman of Unique Identification Authority of India (UIDAI) took centre stage to talk on how data will drive the Indian economy. He said, “India is moving from a low-trust, anonymous country to a high-trust, identity-verifiable country. Everything we do, will have to be re-imagined for the […]
With a robust 40% MoM growth, the company plans to expand to 20 cities by 2019.
OneClickWash is “spinning” a new growth story for affordable, end-to-end laundry solutions 21 March, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, announced its investment in OneClickWash, a firm that aims to simplify the way India does laundry. OneClickWash is currently operating in Gurgaon. Unitus Seed Fund […]
DriveU plans to accelerate its market presence and disrupt the way people “drive” 29 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. DriveU raises $1 million from Unitus […]