While Middle East sovereign fund is in the final stages of closing the deal, Shell Global has already closed it
To date, Drivezy has raised $35 Mn in equity financing and $128 Mn in asset financing
The company was also said to be in talks with Zoomcar for a merger
(Image Source: Entrepreneur India)
Bengaluru-based vehicle-sharing marketplace Drivezy is in talks to raise $30 Mn in a funding round led by an undisclosed Middle East sovereign fund, along with the investment arm of UK-based international oil company Shell Global, Shell Ventures B.V.
The company’s cofounder Ashwarya Pratap Singh has denied the report. However, people aware of the matter told Inc42 that the deal between Drivezy and Shell Global has already closed. Meanwhile, the sovereign fund is in the final stages of closing the deal. Several middle eastern funds are eyeing Drivezy as it is looking to expand in the…
