DriverShaab Secures Rs 28.2 million Funding

07 Apr 2025 CW Team

Kolkata-based DriverShaab, a B2B mobility solutions provider, has raised Rs 28.2 mn in a Pre-Series A funding round led by Firstport Capital and Inflection Point Ventures (IPV). The investment will be used to enhance the company’s driver aggregation platform, operational efficiency, and technology infrastructure.

Founded by Avijit Das, an IT professional with experience at CTS and TCS, and led by Neha Shaikh, a former Uber supply chain manager, DriverShaab offers on-demand driver services, logistics support, and employee transportation solutions for enterprises. The company aims to become India’s top driver management platform by using technology to optimise fleet operations.

Since its inception, DriverShaab has facilitated transactions worth Rs 260 million, demonstrating strong market demand. With India’s mobility market valued at $900 million, the startup is positioned for rapid growth by addressing driver supply challenges and operational inefficiencies.

Mitesh Shah, Co-Founder of IPV, highlighted the importance of efficient driver management for fleet operations and logistics, emphasising DriverShaab’s scalable technology and strong execution as key investment factors.

DriverShaab has also gained recognition by winning the Maruti Suzuki Nurture Program, reflecting its innovation in the mobility sector. The company remains committed to building a sustainable driver service ecosystem with tech-driven, seamless solutions for businesses.

IPV, a prominent angel investing platform, has invested over Rs 8 bn across 210+ startups. Through its $50 mn CAT 2 VC fund, Physis Capital, IPV continues to support startups in Pre-Series A to Series B stages, fostering growth in India’s evolving business landscape.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..