On-demand private driver service start-up DriveU has raised over $7M in funding from United Seed Fund, bringing their Series A funding total to $30M.
The funding has been risen to promote their new product ‘Share’ through which users can communicate with each other and share the cost of the trip. The company has agreed 3-year partnership with McDowell’s No.1 soda, manufactured by United Spirits which will help them to promote their marketing.
“This partnership has opened up investor interest as it will help us scale our business. We are looking to close a Series A round of ₹30 crore ($30M AUD) by March/April” Ramprasad Shastry, CEO of DriveU, told BusinessLine. “Through this partnership, we plan to grow our business ten-fold over the next year and increase our user base to meet our revenue targets,” he said.