JustRide
"Drive it like you own it"
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| Private | |
| Industry | Car rental, Transport |
| Founded | April 2015 Mumbai, India |
| Founder | Ashwarya Pratap Singh, Abhishek Mahajan, Hemant Sah, Vasant Verma, Amit Sahu |
| Headquarters | Bengaluru, India |
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Area served
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Mumbai, Thane, Bangalore, Pune, Mysuru |
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Key people
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Justin Kan (investor), Anupam Mittal (investor) |
| Services | Self drive car rental, car leasing |
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Number of employees
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60 |
| Website | justride |
JustRide is a technology aggregator in the business of self-drive car rentals, headquartered in the city of Bangalore, Karnataka. As of December 2015, the company operated 350 vehicles on it platform with services in 4 cities across India including Mumbai, Navi Mumbai, Bangalore and Pune. JustRide was one of the 3 Indian companies selected by Y Combinator for the 2016 summer batch.
JustRide was founded in April 2015 by Ashwarya Pratap Singh, Hemant Sah, Vasant Verma and Amit Sahu, all alumni of Motilal Nehru National Institute of Technology Allahabad and Abhishek Mahajan of Indian Institute of Technology Bombay. The company was conceptualised when Ashwarya and his friends lost their newly purchased Ford Figo in an unfortunate accident. Starting off as a luxury car rental service with 8 cars, JustRide soon adopted the aggregator model to scale operations.
In April 2015, JustRide secured a seed funding of $ 1million from eminent Indian entrepreneurs Anupam Mittal and Alok Mittal. In December 2015 Google invested $50,000 through its Launchpad Accelerator program as equity free seed funding. JustRide raised a pre-series A round of $400,000 from Redcliffe Partners in February, 2016. In November 2016, the company raised $3 million in a bridge round from a group of global investors.
JustRide commenced country wide services in August with simultaneous launches in Bangalore, Pune and Gurgaon. Services were launched in Noida and Navi Mumbai in October. In the same month the company commenced testing its in-house Smart Vehicle Technology (SVT) which taps into a car's OBD system and provides real time updates on the vehicle's location and performance parameters ranging from fuel consumption, tyre pressure to the g-force experienced by car's suspension. JustRide was selected by Google for the maiden batch of the Launchpad Accelerator program in January 2016. Through the event Google aims to provide mentorship and funding to promising startups in India, Brazil and Indonesia and assist them in scaling their business. As part of the program, participating companies received $50,000 equity free seed funding. Google had also announced $250,000 as assistance in terms of access to the company's platforms such as Adwords.
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