Self-drive vehicle rental platform Drivezy raises $10 mn – VCCircle

The twist in this story is: Drivezy did an ICO and uses a private currency, offering bitcoin-based tokens to customers to use when renting an idle personal vehicle near them.

The platform allows individual car owners to list their idle cars on the company’s platform, which are then rented by customers. The company claims it has onboarded over 800 owners and has 1,318 vehicles listed on its platform. The company operates in Mumbai, Bangalore, Pune and Mysore. It claims to have a monthly gross merchandise value of $950,000 a month and 246% growth in unique customers over the last year.

Source: Self-drive vehicle rental platform Drivezy raises $10 mn – VCCircle

About Mitch Ratcliffe

Mitch Ratcliffe is a veteran entrepreneur, journalist and business model hacker. He operates this site, which is a collection of the blogs he’s published over the years, as well as an archive of his professional publishing record. As always, this is a work in progress. Such is life.

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