Hyderabad, India, September 26, 2019- Hyderabad headquartered
WhistleDrive, the
fastest-growing employee transportation company in India, announced today it
has raised INR 72 Crores from Chicago based Colosseum Group.
WhistleDrive provides technology-enabled fleet services for corporates and
operates 700+ fleet across 3 cities.
WhistleDrive, the
fastest-growing employee transportation company in India, announced today it
has raised INR 72 Crores from Chicago based Colosseum Group.
WhistleDrive provides technology-enabled fleet services for corporates and
operates 700+ fleet across 3 cities.
 |
| Rakesh Munnanooru, Founder and CEO, WhistleDrive |
Announcing the Series B fund, an alumnus of Shiv Nadar
University, Founder and CEO of WhistleDrive, Rakesh Munnanooru said
“WhistleDrive target is to grow 10x with this series B investment. In the next
12 months we will look at entering 2 new cities to offer our TaaS Model –
Transportation as a Service to Corporates beyond Hyderabad, Bangalore, Chennai
where we will operate, expand fleets and fast-track customer acquisitions.”
University, Founder and CEO of WhistleDrive, Rakesh Munnanooru said
“WhistleDrive target is to grow 10x with this series B investment. In the next
12 months we will look at entering 2 new cities to offer our TaaS Model –
Transportation as a Service to Corporates beyond Hyderabad, Bangalore, Chennai
where we will operate, expand fleets and fast-track customer acquisitions.”
WhistleDrive offers office commute services to several
companies, including ADP, Invesco and Hitachi Consulting, to name a few. The
tech-platform, Whistle Tech, developed by the company, allows corporates to
automate the entire transportation process resulting in significant cost
savings and also improve employee satisfaction via a reliable, comfortable and
secure ride to work. It serves 32 clients registering more than 1 Lakh trips a month
to transport more than 15, 000+ employees to their offices, every day.
companies, including ADP, Invesco and Hitachi Consulting, to name a few. The
tech-platform, Whistle Tech, developed by the company, allows corporates to
automate the entire transportation process resulting in significant cost
savings and also improve employee satisfaction via a reliable, comfortable and
secure ride to work. It serves 32 clients registering more than 1 Lakh trips a month
to transport more than 15, 000+ employees to their offices, every day.
Expressing the idea behind the investment, Shailendra
Tipparaju, Chairman of Colosseum Group said, “WhistleDrive team’s mission
and execution echo the core of Colosseum Group’s value system. In addition to
the significant value they add to the transportation industry via their
well-built scalable solution, we are excited to be associated with the Young
Indian amazing team! The company roadmap is robust and we found it is
the right time to re-invest in their growth story”.
Tipparaju, Chairman of Colosseum Group said, “WhistleDrive team’s mission
and execution echo the core of Colosseum Group’s value system. In addition to
the significant value they add to the transportation industry via their
well-built scalable solution, we are excited to be associated with the Young
Indian amazing team! The company roadmap is robust and we found it is
the right time to re-invest in their growth story”.
Speaking on this occasion, Dr. Bala V. Balachandran, Chairman
of Colosseum Advisory Board said, one of the pioneers of Indian
Management landscape, on behalf of Atal Innovation Mission (AIM),
Great Lakes Institute of Management (GLIM) Chennai, Balachandran Foundation
Incubation Center (AGBI), noted that these esteemed organizations, with a
mission to empower entrepreneurship in India, are thrilled to have played
an instrumental role in the nurturing and cultivation of WhistleDrive from
an idea stage to acceleration & growth stage. He also expressed absolute
confidence that WhistleDrive is poised to be the leading Transportation as a
Service (TaaS) company, and wished them the best “road ahead”.
of Colosseum Advisory Board said, one of the pioneers of Indian
Management landscape, on behalf of Atal Innovation Mission (AIM),
Great Lakes Institute of Management (GLIM) Chennai, Balachandran Foundation
Incubation Center (AGBI), noted that these esteemed organizations, with a
mission to empower entrepreneurship in India, are thrilled to have played
an instrumental role in the nurturing and cultivation of WhistleDrive from
an idea stage to acceleration & growth stage. He also expressed absolute
confidence that WhistleDrive is poised to be the leading Transportation as a
Service (TaaS) company, and wished them the best “road ahead”.
Industry estimates the number of IT direct workforce in India is
pegged at about 3.9 million, of which 1.1 million use transport arranged by the
company. The transportation sector in India is currently valued at a whopping
USD16 Billion, of which about USD2.5 Billion is spent directly by Indian
corporates. Yet, the domain still suffers from a lack of tech intervention.
pegged at about 3.9 million, of which 1.1 million use transport arranged by the
company. The transportation sector in India is currently valued at a whopping
USD16 Billion, of which about USD2.5 Billion is spent directly by Indian
corporates. Yet, the domain still suffers from a lack of tech intervention.
WhistleDrive’s offerings include “Whistle Fleet” – Technology
Enabled Fleet, “Whistle Shuttle” – A B2B Shuttle Service for Last mile
connectivity and point pick-ups and “Whistle 360o” – End to End
transport management powered by best in class technology and ground
operations.
Enabled Fleet, “Whistle Shuttle” – A B2B Shuttle Service for Last mile
connectivity and point pick-ups and “Whistle 360o” – End to End
transport management powered by best in class technology and ground
operations.
Founded by Rakesh Munnanooru in 2016, the Hyderabad
headquartered company had raised INR 5 Crores in April 2018 from Colosseum
Group. The company has bagged several awards including the 10 Best Start-ups in
Hyderabad- 2018, 50 Emerging Start-ups to Watch in 2019.
headquartered company had raised INR 5 Crores in April 2018 from Colosseum
Group. The company has bagged several awards including the 10 Best Start-ups in
Hyderabad- 2018, 50 Emerging Start-ups to Watch in 2019.
