India: Vehicle rental platform Drivezy in talks to raise up to $35m

India: Vehicle rental platform Drivezy in talks to raise up to $35m

Photo: Pixabay

Vehicle rental platform Drivezy is in talks to raise $30-35 million in equity funding from a UAE-based sovereign wealth fund, a clutch of private investors in the Gulf region, Japan’s Yamaha Motor Company, and energy and petrochemical giant Shell Global, according to two people aware of the development.