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Startup Driverzz looks to raise Rs 15 crore for further expansion.

By   |  Published: 15th Mar 2017  11:58 pmUpdated: 15th Mar 2017  9:32 pm

Hyderabad: At a time and age when on-demand cab services and vehicles on rent are gaining traction, Hyderabad-based startup Next Drive Transportation and Services has launched its first product Driverzz to provide car owners with reliable drivers. The platform – which is available on phone, website and mobile app – targets the commute problems of household who need drivers on hourly, daily, weekly or monthly basis.

The company, which launched its beta operations in October, 2016, has invested Rs 75 lakh in the product so far and has reached a customer base of 500 in Hyderabad. Speaking at the launch of the operations in the city on Wednesday, Driverzz CEO Hitachandra Kanaparti said, “As a company we are into providing workforce solution for households and businesses alike.

Driverzz is an on-demand driver service that helps to solve the commute problems.” Going ahead, according to Kanaparti, the company plans to raise Rs 15 crore funds through various institutional investors as the previous investment will suffice the operations for the current financial year. The startup has on-boarded about 60 drivers so far and plans to reach 350 drivers in Hyderabad by June, 2017.

In terms of expansion it is also looking at getting into six cities by 2018 that include Vijayawada, Visakhapatnam, Bengaluru, Chennai, Pune and Mumbai. By the year 2022, it aims to be present in 45 cities all over India with about 25,000 drivers on-board.

In addition, other than the above stated product the company is also looking at launching nine new products offering by 2027. This will include parking solutions, road-side assistance, home car washing and service, home help care services, property management and facility management, security services among others.