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WhistleDrive bags INR 72cr from Colosseum Group

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Team StartupcityWhistleDrive, Hyderabad based tech-driven B2B Transportation Company, raised INR 72cr in Series-B from Colosseum Group. The Chicago-based VC firm invested INR 5cr in Series A funding round held previously. The firm currently operates more than 700 fleets which enables technology driven services in Hyderabad, Bangalore and Chennai.

Rakesh Munnanooru, founder & CEO, WhistleDrive said, “We are looking to our operation in Pune in the beginning of year 2020, and with the
fund we received in Series B funding; we are planning to scale vertically, and also look forward to enter the National Capital Region (NCR).”

He further added that corporations are increasingly looking for automated data-driven solutions to ease the process of transporatation.

WhistleDrive claims that it serves 32 companies and has offered 1,00,000 daily office trips to over 15,000 employees in a month. Several companies like ADP, Invesco and Hitachi Consulting uses AI Powered services of WhistleDrive. The company aims to automate the entire transportation process and help companies to significantly reduce cost and save time while meeting the employees retention and contentment.

The Investor, Shailendra Tipparanju, Chairman of Colosseum Group also expressed his trust in WhistleDrive’s vision and said, “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 amzing team. The company’s roadmap is robust in their growth story.”