Sheerdrive raises undisclosed sum in pre-Series A funding led by Inflection Point Ventures
Sheerdrive had also secured undisclosed pre-series A funding from a clutch of investors earlier in January this year.
By Autocar Professional Bureau
4407 Views
Sheerdrive, a Mumbai-based digital pre-owned vehicle platform, has secured undisclosed funding in its pre-Series A round led by Inflection Point Ventures. Prajit Nanu, Co-Founder, and CEO of NIUM, a multibillion-dollar fintech company, JITO Angel Network, INSEAD Angels India, Group Landmark, Volrado Venture Fund, among others participated in the capital raise.
Ravi Mehra, CEO and co-founder of Sheerdrive said that the new funds would be used to expand into new geographies and enhance the tech stack for new car dealerships.
Sheerdrive had also secured undisclosed pre-series A funding from a clutch of investors earlier in January this year. The company is currently delivering quarter on quarter growth of 41%, and is unit positive, the press release stated.
RELATED ARTICLES
New 1.5‑Litre NA Engine Joins Tata’s Powertrain Offerings, Sibling to Turbo‑DI Mill
Autocar India
06 Jul 2025
New 1.5-litre naturally aspirated engine is expected to be a derivative of the 1.5-litre direct-injection turbo-petrol m...
Tata Altroz EV a Key Part of Future EV Line up
Autocar India
06 Jul 2025
Tata Motors has codenamed the Altroz EV as Ascot.
Tata Motors Develops New Platform for Next-Generation Harrier and Safari SUVs
Autocar India
06 Jul 2025
The second-gen Harrier and new-gen Safari are codenamed Taurus and Leo, respectively.
