Everest Fleet

Everest Fleet DGEMS Forbes 2024

Everest Fleet, a pioneering entity in the Indian mobility sector, is actively shaping the future of transportation. Established in 2016, this fleet management company oversees a diverse fleet of over 18,500 vehicles across 7 cities in India. The organization is dedicated to enhancing daily commutes and ensuring a seamless experience for riders through its efficient […]

Everest Fleet Raises Rs 251.7 Crore Series C Funding Led by Uber

Everest Fleet, one of the prominent names in the mobility startup space has managed to raise Rs 251.7 crore (approximately $30 million) in its Series C funding round, with ride-hailing giant Uber emerging as a key investor for the second time. The regulatory filings accessed from the Registrar of Companies (RoC) reveal that the board […]

BW Disrupt 40 Under 40 2024 Winners: Future Masters Of Startup World

A modern India cannot be imagined without startups that has been a symbol of innovation, discovery and growth. India is rapidly establishing itself as a global startup hub, blending traditional business acumen with cutting-edge deep tech innovation. Young entrepreneurs are turning challenges into opportunities, epitomizing the concept of ‘Avasar in Apda’—seizing chances amid adversity.  Supported […]

Artha Venture Fund-I makes partial exit from Everest Fleet, clocks 19x return

The Mumbai-based company Everest Fleet has recently closed a $20 million funding round led by ride-hailing platform Uber. Artha Venture Fund (AVF), a Mumbai-based early-stage microVC, has made a partial exit from fleet management company Everest Fleet, the company said in a press note. With this, the microVC fund has recorded a 19x return on […]

Artha, Rockstud Exit Uber-Backed Everest Fleet With 18X+ Returns

Uber-backed fleet management startup Everest Fleet has seen two investors – Artha Venture Fund and Rockstud Capital – exit, days after securing funding from Uber and Paragon Ventures. While Rockstud claimed to have made a return of 18.8X on its investment in Everest Fleet via this exit, Artha claimed a return of 19X. The latter […]

Artha venture fund saw 19X return on partial exit from Everest fleet

Artha Venture Fund-I, a microVC firm, said it saw a 19x return on its partial exit from its investment in fleet management provider Everest Fleet.  The selling of the fund’s portion of the company’s stock netted it $2 million. The stake sale is a component of Everest Fleet’s $20 million Series B fundraising round, which […]

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