What is Revv?
Founded in July 2015 by Anupam Agarwal and Karan Jain, Revv operates as a self-drive car rental service within India. The startup aims to revolutionize personal mobility by offering convenient and flexible car rental solutions. Its operations initially commenced in Delhi-NCR, and it has since expanded its reach. The company's business model focuses on providing an alternative to traditional car ownership, catering to a growing demand for on-demand transportation services.
How much funding has Revv raised?
Revv has raised a total of $23.3M across 2 funding rounds:
Series A
$9M
Series B
$14.3M
Series A (2016): $9M with participation from Edelweiss Private Equity
Series B (2018): $14.3M, investors not publicly disclosed
Key Investors in Revv
Edelweiss Private Equity
Edelweiss Private Equity is likely a financial institution focused on providing growth capital and strategic investment to companies within various sectors.
Hyundai
Hyundai, a global automotive manufacturer, may be investing to explore synergies within the mobility and automotive services sector.
What's next for Revv?
The recent major strategic investment signals a new phase of development for Revv. This capital infusion is expected to fuel further expansion of its fleet, enhancement of its technological infrastructure, and broader market penetration across India. The company's trajectory suggests a focus on scaling operations and solidifying its position as a leader in the burgeoning Indian mobility market, potentially exploring new service offerings or geographic expansions.
See full Revv company page
