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Everest Fleet raised $30 million in its Series C funding round led by Uber to cover general operating expenses and business expansion.

Sep 20, 2024about 1 year ago

Amount Raised

$30 Million

Round Type

series c

ThaneFleet ManagementAutomotiveTransportation

Investors

International Finance CorporationUber

Description

Mobility startup Everest Fleet has raised approximately $30 million in its Series C funding round, with Uber participating for the second time. The funds will be used for general operating expenses, working capital, capital expenditures, and business expansion.

Company Information

Company

Everest Fleet

Location

Thane, Maharashtra, India

About

Everest Fleet Pvt Ltd is a fleet management company founded in Oct 2016. We have around 10,000+ cars running on UBER in Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Kolkata & Chennai. We are one of the leading players in the fleet market. VISION To be the undisputed industry leader in fleet management and generating employment while continuing to provide the highest quality of service and support. MISSION To ease daily commute and enhance the experience of riding by ensuring efficiency across the channels. We are passionate about what we do and are willing to take that extra mile to deliver the best. We take the responsibility of our team to do their job respectfully while generating equal opportunities for them. We create a competitive atmosphere and recognize them on their performance, thereby continuously motivating the team and creating sense of belonging towards the company. We aim to impact the lives of the drivers in a significant sustainable manner for them to earn a respectable income for their families.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech