India’s first and largest on-demand driver aggregator DriveU acquires Mumbai-based Zuver, an on-demand driver service provider that primarily caters to the business segment, in an all-equity deal.
As the part of the acquisition, the founders of Zuver will join DriveU which will focus on driver aggregation for the car rental/lease and service station verticals of the business.
About the startups:
DriveU was founded by Ashok Shastry, Amulmeet Chadha and RamPrasad Shastry in July 2015. Apart from being motorheads, the co-founders share a passion for building great products to improve the quality and productivity of daily life. They are also animal lovers and have pledged to donate 1% of their revenue from the get-go to CUPA, an India-based public charitable trust for the welfare of animals.
“Zuver has been very successful with car dealerships, service stations, and car rental/leasing companies in Mumbai, Pune, and Bengaluru. Increasingly, businesses are demanding a national footprint for their on-demand driver needs. With this acquisition, DriveU will leverage Zuver’s strong suite to cater to customers across major metros that we operate in today,” said Ashok Shastry, co-founder, and COO at DriveU.
Zuver is a technology startup based out of Mumbai which provides truly on demand, location specific, driver services. The startup offers its users drivers on demand to drive there to the destination, in the comfort of your car. From daily commutes to outstation trips, or just to save time on parking, Zuver makes your journey more comfortable with a few taps on the mobile app.
Sovin Hegde, Co-founder at Zuver, commented, ” While Zuver focused on serving businesses, DriveU successfully captured a majority of the consumer segment with its superior tech and a simple value proposition. We decided to join forces with DriveU to expand the market for on-demand drivers across multiple verticals.”
With this acquisition, DriveU now has over 6,000 drivers on its platform. The cross utilization of drivers between B2B and B2C lines of businesses optimizes DriveU operations and guarantee higher earnings for its drivers. The other players in this segment, that compete with DriveU include Driver Bulao, DriveBud, Hire4Drive, UrbanClap, etc. Read more about Indian Stratup Ecosystem.