DriveU acquires Zuver in all-equity deal
DriveU acquires Zuver in all-equity deal

Bengaluru-based on-demand driver aggregator, DriveU has acquired Mumbai-based Zuver, in an all-equity deal.

Post acquisition, Sovin Hegde and Sidhanth Mally, 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.

With this acquisition, DriveU further strengthens its position to better serve both consumers and businesses across India’s six largest metro cities - Bengaluru, Mumbai, Chennai, Delhi NCR, Pune and Hyderabad.

Ashok Shastry, Co-founder & COO, DriveU, "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."

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, Zuver, said, "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 6000 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.

 
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