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Udrive raises $5 million

Udrive raises $5 million
wamda.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wamda.com Daily Mail and Mail on Sunday newspapers.

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Dubai based Udrive closes US$5m funding round

Dubai based Udrive closes US$5m funding round
gulfbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gulfbusiness.com Daily Mail and Mail on Sunday newspapers.

Asif Keshodia , Cherif Sleiman , Hasib Khan , Gulf Business , ஹசிப் காந் , வளைகுடா வணிக ,

Generation Start-up: Udrive revs up again after pandemic-induced speed bump

Employees: 40
Amount raised (to date): $3.25m – $750,000 seed funding in 2017 and a Seed+ round of $2.5m last year. Raised $1.3m from Eureeca investors in January 2021 as part of a Series A round with a $5m target.
Covid-19 threw up all sorts of challenges to businesses last year – from restaurants that couldn’t open their doors to manufacturers struggling to source parts.
For Udrive’s founder Hasib Khan, the biggest challenge was one of funding. The car-sharing start-up, which was operating a fleet of more than 570 vehicles, was in the midst of its Series A round when the pandemic struck.
“We had millions of dollars committed,” he says. “We had signed commitments and it all blew up because of Covid. So we were stood there with nothing.” ....

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Grocery delivery is booming in Berlin, thanks to corona

Grocery delivery is booming in Berlin, thanks to corona
After years of stagnation, the capital has become an attractive market for food delivery.
Artikel anhören
Photo: imago imagesWhy head to the store anymore?
Berlin - Hasib Khan has spent a lot of time working on the ICE train between Hamburg and the German capital in recent weeks. He keeps returning to Berlin for exploratory visits , he says. The 30-year-old launched his food delivery service Bringoo in Hamburg in October. Customers can use his app to order groceries and have them delivered from the closest supermarket to their doorstep. Berlin is up next. The time is more than ripe for this kind of service, says Khan. ....

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Udrive raises $1.3 million in ongoing Series A round

Udrive raises $1.3 million in ongoing Series A round
UAE-based car-rental platform Udrive has raised $1.3 million from 186 investors via crowdfunding platform, Eureeca. The investment is part of the startup’s ongoing Series A round.
Founded out of the UAE in 2017, Udrive, claims to have around 180,000 registered users across Dubai, Abu Dhabi, Sharjah, and Ajman. The company recently completed a million trips, with user growth expected to double in 2021 as new users increased by 20 per cent in the last six months.
With the new capital injection, the company will be able to boost the fleet of cars in the UAE as well as set the stage for its expansion into Saudi Arabia and Turkey as part of the company’s drive back into growth mode. ....

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