Corporate Valuations - News On-demand driver provider DriveU buys rival Zuver in third acquisition



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On-demand driver provider DriveU buys rival Zuver in third acquisition


Date: 12-July-2017

Bangalore-based DriveU, which connects chauffeurs with private car owners over a mobile marketplace, has acquired rival Zuver in an all-equity deal. Zuver’s founders, Sovin Hegde and Sidhanth Mally, will join DriveU to focus on driver aggregation for the car rental/lease and service station verticals. The acquisitions have strengthened DriveU’s geographical reach and the company now operates in six metros, Bengaluru, Mumbai, Chennai, Delhi NCR, Pune and Hyderabad.

 
 
 
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