• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Thursday, March 30, 2023
  • Login
Metro City News
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Finance/Money
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • World
  • Business
  • Education
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Fashion & Beauty
    • Travel
    • Food
    • Photography
  • Tech
    • App News
  • Auto
  • Finance/Money
  • Sports
  • Others
    • Agriculture
    • Science
    • Astrology
    • Press Release
    • Religion
    • Social Work
No Result
View All Result
Metro City News
No Result
View All Result
Home Finance/Money

Drivio, a digital-first omnichannel two-wheeler financing platform in making, raises USD 1 million in seed funding

Metro City News Desk by Metro City News Desk
January 2, 2023
in Finance/Money
Drivio, a digital-first omnichannel two-wheeler financing platform in making, raises USD 1 million in seed funding
Share on FacebookShare on Twitter

Founded in April 2022, the digital platform is expecting to clock INR 100Cr+ two-wheeler loans by the end of the current fiscal

New Delhi: Drivio, a digital-first omnichannel two-wheeler financing platform in making, has raised $ 1 million in its seed funding round from Karini Ventures and Vansun Capital. Drivio is co-founded by Saurabh Tripathi and Ankur Bhardwaj who have notable credentials for disrupting Used Car Finance at CarDekho. Headquartered in Gurugram and incorporated in April 2022, Drivio is resolved to disrupt the existing two-wheeler finance market by offering an innovative tech-based financing service to avail quick and hassle-free loans within a few clicks. 

RelatedPosts

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

January 10, 2023
PayRup, India’s Fastest Payment app is launched

PayRup, India’s Fastest Payment app is launched

January 9, 2023

Elaborating about investing in Drivio, Karini Ventures’ spokesperson said, “Seeing the increasing use of technology in every field it is evident that fintech is the present and future of the banking and financing sector. Fintech start-ups like Drivio are evolving and set to play a larger role in the sector with the innovation they have to offer. We liked the concept of supporting two-wheeler buyers with an easy and quick financing solution by Drivio. We look forward to working closely with Drivio to challenge the existing norms of the two wheeler finance market in India.”  

Speaking about the seed fundraising, Mr. Saurabh Tripathi, Co-founder, and CEO, Drivio, said, “Drivio aims to solve the financing problems that two-wheeler buyers face in the country. Funding support from Karini Ventures and Vansun Capital will further strengthen our vision and help us to build a robust platform to reach out to the maximum number of potential two-wheeler buyers and offer them the best financing services and loan options. We plan to utilize the funds to further enhance the product and expand the services across the country.” 

Drivio has been getting tremendous responses from two-wheeler customers owing to its fast and easy financing service. The platform has already partnered and is in talks with several leading banks and financial organizations to ensure a quick, easy, transparent, and hassle-free loan processing experience for its customers. 

According to industry estimations, two-wheeler sales are expected to cross 1.8 crore units in FY23 and are set to reach over 2.8 crore units by FY27 growing at 12% CAGR. Drivio operates in this promising finance market for two-wheelers which are also expected to grow at a CAGR of 26% to reach INR 2 lakh crore by end of FY27. In these encouraging circumstances, Drivio is expecting to clock INR 100Cr+ in two-wheeler loans in the next 12 months.

Drivio is building a digital-first omnichannel two-wheeler financing platform aiming to serve two-wheeler buyers with the best finance services and loan options available in the country. Headquartered in Gurugram and incorporated in April 2022, Drivio is resolved to disrupt the existing two-wheeler finance market by offering an innovative tech-based financing service to avail quick and hassle-free loans within a few clicks.

Tags: Ankur Bhardwajdigital-first omnichannel two-wheeler financing platformDrivioKarini VenturesSaurabh Tripathitwo-wheeler financing platformVansun Capital
ShareTweetShareSendSharePinSend
Previous Post

First rank in Dow Jones Sustainability Index (DJSI) Europe; second rank in DJSI World

Next Post

ICCI’s flagship initiative GIC23 is expecting new investment and trade opportunities worth Rs 250bn from global market

Metro City News Desk

Metro City News Desk

Related Posts

Univest collaborates with Pratik Gandhi to conquer retail investor challenges
Finance/Money

Univest collaborates with Pratik Gandhi to conquer retail investor challenges

by Metro City News Desk
January 10, 2023
PayRup, India’s Fastest Payment app is launched
Finance/Money

PayRup, India’s Fastest Payment app is launched

by Metro City News Desk
January 9, 2023
How long does it take to get a Credit Card?
Finance/Money

How long does it take to get a Credit Card?

by Metro City News Desk
January 3, 2023
Financial Planning Goes AI: Introducing WOW the Most Advanced Fintech in India for 2023
Business

Financial Planning Goes AI: Introducing WOW, the Most Advanced Fintech in India for 2023

by Metro City News Desk
December 29, 2022
RBI's PCA (Prompt Corrective Action) withdrawn from UCO Bank
Finance/Money

RBI’s PCA (Prompt Corrective Action) withdrawn from UCO Bank

by Metro City News Desk
December 15, 2021
Finance/Money

Ezeepay to Launch Doorstep Digital Services in Rural Area

by Metro City News Desk
June 17, 2021
Next Post
ICCI’s flagship initiative GIC23 is expecting new investment and trade opportunities worth Rs 250bn from global market

ICCI’s flagship initiative GIC23 is expecting new investment and trade opportunities worth Rs 250bn from global market

ND Kothari English School Antroli organized Cultural Fest ‘Carnival’ along with Science & Art Exhibition

ND Kothari English School, Antroli organized Cultural Fest ‘Carnival’ along with Science & Art Exhibition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Fleet Track Telematics Solutions is Doing Wonders

Fleet Track Telematics Solutions is Doing Wonders, Read How?

January 4, 2022
Adtech platform Infomo signs a multiyear partnership with Vodafone Idea for the launch of Vi ads through its subsidiary TorcAI

Adtech platform Infomo signs a multiyear partnership with Vodafone Idea for the launch of Vi ads, through its subsidiary TorcAI

June 17, 2022

PM lays foundation stone of Light House projects (LHPs) across six states

January 2, 2021
Producer Shobhna Bhupat Bodar & Director Rajan R Verma trend on Twitter for Dhaman the Saviour Movie-World Media Network

Producer Shobhna Bhupat Bodar & Director Rajan R Verma trend on Twitter for Dhaman the Saviour Movie-World Media Network

October 4, 2022

Yadu Nandan Fashions Manufactures One of The Best Indian Ethnic Wear

September 29, 2020
Kingston Technology Server Premier DDR5 4800MT/s Registered DIMMS Receive Validation on 4th Gen Intel Xeon Scalable Processor

Kingston Technology Server Premier DDR5 4800MT/s Registered DIMMS Receive Validation on 4th Gen Intel Xeon Scalable Processor

February 22, 2023
Santosh Shukla as CEO of British Organization World Book of Records

Santosh Shukla as CEO of British Organization World Book of Records

July 11, 2022

Cybersecurity Start-up CloudSEK raises $7 Million in Series A Funding to Accelerate Global Expansion

December 8, 2021

ND Kothari English School, Antroli organized Cultural Fest ‘Carnival’ along with Science & Art Exhibition

January 3, 2023

Grand trailer launch of Bollywood film Dhoop Chhaon to release on November 4

October 20, 2022

Successful Maiden Launch of MRSAM

December 23, 2020

How a stable govt benefits real estate: Sachin Arora

February 28, 2022

Parvati Nair and Archana Gupta partner with DeSpace to launch their NFT collection

January 28, 2022

Sachin Mishra celebrated ‘Guru Vandan Shishya Abhinandan’ under Brahamrashtraekam on Teachers’ Day

September 5, 2022

INKZOID FOUNDATION Felicitates The Deserving Visionaries

March 6, 2023

IIGD offers tailor-made courses for budding entrepreneurs in the Jewellery Industry

October 13, 2020

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World

Recent News

Studywoo launch “One stop solution for students’ education needs”

Studywoo launch “One stop solution for students’ education needs”

March 30, 2023
Elante Group Launches USD 5 mn premium housing project in Gurugram

Elante Group Launches USD 5 mn premium housing project in Gurugram

March 30, 2023
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2022 Metro City News

No Result
View All Result
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Home
  • Privacy Policy

© 2022 Metro City News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In