New Delhi [India], January 2 (ANI/GPRC): Drivio, a digital-first omnichannel two-wheeler financing platform in making, has raised USD 1 million in its seed funding spherical from Karini Ventures and Vansun Capital. Drivio is co-founded by Saurabh Tripathi and Ankur Bhardwaj who’ve notable credentials for disrupting Used Automotive Finance at CarDekho. Headquartered in Gurugram and included in April 2022, Drivio is resolved to disrupt the present two-wheeler finance market by providing an progressive tech-based financing service to avail fast and hassle-free loans inside a number of clicks. Elaborating about investing in Drivio, Karini Ventures’ spokesperson mentioned, “Seeing the growing use of know-how in each discipline it’s evident that fintech is the current and way forward for the banking and financing sector. Fintech start-ups like Drivio are evolving and set to play a bigger function within the sector with the innovation they’ve to supply. We appreciated the idea of supporting two-wheeler consumers with a simple and fast financing resolution by Drivio. We look ahead to working intently with Drivio to problem the present norms of the 2 wheeler finance market in India.”
Talking in regards to the seed fundraising, Saurabh Tripathi, Co-founder, and CEO, Drivio, mentioned, “Drivio goals to unravel the financing issues that two-wheeler consumers face within the nation. Funding help from Karini Ventures and Vansun Capital will additional strengthen our imaginative and prescient and assist us to construct a strong platform to achieve out to the utmost variety of potential two-wheeler consumers and supply them the most effective financing providers and mortgage choices. We plan to make the most of the funds to additional improve the product and develop the providers throughout the nation.” Drivio has been getting great responses from two-wheeler clients owing to its quick and simple financing service. The platform has already partnered and is in talks with a number of main banks and monetary organizations to make sure a fast, simple, clear, and hassle-free mortgage processing expertise for its clients.
In line with business estimations, two-wheeler gross sales are anticipated to cross 1.8 crore items in FY23 and are set to achieve over 2.8 crore items by FY27 rising at 12 per cent CAGR. Drivio operates on this promising finance marketplace for two-wheelers that are additionally anticipated to develop at a CAGR of 26 per cent to achieve Rs 2 lakh crore by finish of FY27. In these encouraging circumstances, Drivio is anticipating to clock Rs 100Cr+ in two-wheeler loans within the subsequent 12 months. Drivio is constructing a digital-first omnichannel two-wheeler financing platform aiming to serve two-wheeler consumers with the most effective finance providers and mortgage choices out there within the nation. Headquartered in Gurugram and included in April 2022, Drivio is resolved to disrupt the present two-wheeler finance market by providing an progressive tech-based financing service to avail fast and hassle-free loans inside a number of clicks.
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