• About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News
Saturday, September 23, 2023
  • Login
Pioneer News
ADVERTISEMENT
  • Home
  • India
    • National
    • State News
  • Education
  • Business
  • World
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Travel
    • Fashion & Beauty
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Finance/Money
    • Agriculture
    • Science
    • Astrology
    • Social Work
    • Press Release
No Result
View All Result
  • Home
  • India
    • National
    • State News
  • Education
  • Business
  • World
  • Entertainment
  • Lifestyle
    • Health & Fitness
    • Travel
    • Fashion & Beauty
    • Food
  • Tech
    • App News
    • Gadgets
  • Auto
  • Others
    • Sports
    • Finance/Money
    • Agriculture
    • Science
    • Astrology
    • Social Work
    • Press Release
No Result
View All Result
Pioneer News
No Result
View All Result
Home Business

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

Pioneer News by Pioneer News
January 2, 2023
in Business, Finance/Money
0
Drivio, a digital-first omnichannel two-wheeler financing platform in making, raises USD 1 million in seed funding

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

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

September 22, 2023
Grand launch of Toni&Guy flagship branch in Ahmedabad

Grand launch of Toni&Guy flagship branch in Ahmedabad

September 22, 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.”  

ADVERTISEMENT

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
ShareTweetSharePinSendShareShareSend
ADVERTISEMENT
Pioneer News

Pioneer News

Related Posts

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award
Business

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

by Pioneer News
September 22, 2023
Grand launch of Toni&Guy flagship branch in Ahmedabad
Business

Grand launch of Toni&Guy flagship branch in Ahmedabad

by Pioneer News
September 22, 2023
Team Marksmen Network’s CX Transformation Conclave highlights the business case and criticality of great CX
Business

Team Marksmen Network’s CX Transformation Conclave highlights the business case and criticality of great CX

by Pioneer News
September 21, 2023
Mr. Nagendra Prasad Nonavinakere received the prestigious honor from UK Parliament for his contribution in the area of Technology and Innovation (Mobile and Automotive Industry) as part of the G20 Initiative
Business

Mr. Nagendra Prasad Nonavinakere received the prestigious honor from UK Parliament for his contribution in the area of Technology and Innovation (Mobile and Automotive Industry) as part of the G20 Initiative

by Pioneer News
September 21, 2023
The Indian Alert presents 50 Entrepreneurs of the Year 2023 – A Day of the Visionary Entrepreneurs
Business

The Indian Alert presents 50 Entrepreneurs of the Year 2023 – A Day of the Visionary Entrepreneurs

by Pioneer News
September 21, 2023
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

Leave a Reply Cancel reply

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

  • Trending
  • Comments
  • Latest
Things to Learn from The Weekly with ChoubeyJi

Things to Learn from The Weekly with ChoubeyJi

February 25, 2022
Oral Asformas – The Digital Marketing Entrepreneur who lit up his life through his Never-Back-Down attitude

Oral Asformas – The Digital Marketing Entrepreneur who lit up his life through his Never-Back-Down attitude

April 21, 2022
KGF Star Yash in Conversation with Anchor Anupam Anand

KGF Star Yash in Conversation with Anchor Anupam Anand

March 1, 2022
Choubey Ji is back with Season 2

Choubey Ji is back with Season 2

December 30, 2022

PrivateCourt is all set to revolutionize the concept of Online Dispute Resolution

1

FTV brings their First Beauty Pageant to India

1
Gaurav Bhatia Sotheby’s Ex MD Luxury Guru takes us through Luxury on the Table

Gaurav Bhatia Sotheby’s Ex MD, Luxury Guru, takes us through “Luxury on the Table”

1

One on One Coaching – Private & Confidential

1
A Mystical line of clutches: Rocky Star X Oceana Clutches

A Mystical line of clutches: Rocky Star X Oceana Clutches

September 22, 2023
World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award

September 22, 2023
Grand launch of Toni&Guy flagship branch in Ahmedabad

Grand launch of Toni&Guy flagship branch in Ahmedabad

September 22, 2023
Team Marksmen Network’s CX Transformation Conclave highlights the business case and criticality of great CX

Team Marksmen Network’s CX Transformation Conclave highlights the business case and criticality of great CX

September 21, 2023

Categories

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

Pioneer News, digital news and story platform bring you the news, articles, stories, and opinions on the latest happenings worldwide covering various sectors like nation, politics, and governance, social sector, review, foreign affairs, defence and security, latest review, lifestyle, entertainment, sports, technology, auto sectors, education, business and start-ups updates, Agriculture, Science, finance, money, food, and culture, etc.

Categories

  • Agriculture
  • App News
  • Astrology
  • Auto
  • Business
  • Education
  • Entertainment
  • Fashion & Beauty
  • Finance/Money
  • Food
  • Gadgets
  • Health & Fitness
  • Lifestyle
  • National
  • Photography
  • Politics
  • Press Release
  • Religion
  • Science
  • Social Work
  • Sports
  • State News
  • Tech
  • Travel
  • Uncategorized
  • World
September 2023
M T W T F S S
 123
45678910
11121314151617
18192021222324
252627282930  
« Aug    

Recent News

  • A Mystical line of clutches: Rocky Star X Oceana Clutches
  • World Leaders Summit 2023 held in House of Lords at London followed by the Bharat Samman Award
  • Grand launch of Toni&Guy flagship branch in Ahmedabad
  • Team Marksmen Network’s CX Transformation Conclave highlights the business case and criticality of great CX
  • Mr. Nagendra Prasad Nonavinakere received the prestigious honor from UK Parliament for his contribution in the area of Technology and Innovation (Mobile and Automotive Industry) as part of the G20 Initiative
  • About Us
  • Advertise
  • Contact Us
  • DMCA
  • Follow on Google News

© 2021 Pioneer News.

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

© 2021 Pioneer 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