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Jul, 18 2019

Drivezy starts its franchise business after crossing $4 mn in monthly GMV

The Bengaluru-based company is eyeing to set up more than 100 franchise units across 21 cities over the next 12 months.

Drivezy India Travels Pvt Ltd, the car and bike hire company, has introduced a franchise through which it is aiming to offer cars and bikes worth Rs 2.8 crore to potential owners for up to three years. The Bengaluru-based company is eyeing to set up more than 100 franchise units across 21 cities over the next 12 months.

This launch came after Drivezy has crossed monthly gross merchandise volume (GMV) of $4 million.

Ashwarya Singh, Chief Executive Officer of Drivezy, said, “We net around 22% of the $4-million monthly GMV.”

Drivezy, having a fleet of 15,000 bikes and 4,000 cars, will be offering customer relationship management infrastructure, marketing, branding and customer care support to franchise owners in exchange for a 25% commission on every booking.

The firm will be investing $1.5 million in its franchise business. It will also offer vocational and technical training to executives hired by the franchises.

Launched in 2015, Drivezy allows users to locate and book bikes and cars on its mobile app and through its website.

“The company is now in the process of adding 5,000 two-wheelers to its fleet in the next month. We want to focus more on two-wheelers, because that is where most of our new acquisitions are coming from,” Singh added.

The Bengaluru-based company competes with self-drive rental startups like Zoomcar and Revv, which provide vehicles on a subscription-based model.

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