In a bid to enhance its B2B offerings, Bangalore-based on-demand driver aggregator platform, DriveU has acquired its rival Zuver in all equity deal. This is the third acquisition of DriveU so far. In May 2017, it has acquired a Chennai-based rival DriversKart and a Gurgaon-based on-demand driver provider CallAtHome a year ago.
“The acquisition will help DriveU to further strengthen its position in the market to better serve both consumers as well as businesses across six largest metro cities – Bengaluru, Mumbai, Chennai, Delhi NCR, Pune and Hyderabad,” Ashok Shastry, Co-founder and COO at DriveU said.
“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,” further he added.
Co-founded by Sidhanth Mally and Sovin Hegde, Zuver app gives customers the flexibility to book a driver in advance and in real time for an hour or a whole day. The company had raised Rs 1.2 crore ($180,000) in angel funding from Shruth & Smith Group of Bangalore and Pune’s Hermes Group.
Currently, Zuver’s B2B business completes over 8,000 trips every month. It has pan-India customers for car rental/lease service include multinational corporations such as Orix and Avis for chauffeured services and its service station clients include Volkswagen, Maruti Suzuki and Honda, to name a few.
Under this acquisition, both the Zuver’s founders Sovin Hegde and Sidhanth Mally will join DriveU to focus on driver aggregation for the car rental/lease and service station verticals of the business.
“While Zuver focused to serve 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,” remarked Sovin Hegde, Co-founder at Zuver.
On another hand, 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 service station and dealer relationships that Zuver brings will serve as a foundation for DriveU’s vision of offering a platform for hassle-free and economical car ownership.