Drivezy Is Raising $30 Mn From Shell, Middle East Sovereign Fund

Bengaluru-based vehicle-sharing marketplace Drivezy is in talks to raise $30 Mn in a funding round led by an undisclosed Middle East sovereign fund, along with the investment arm of UK-based international oil company Shell Global, Shell Ventures B.V.

People aware of the matter told Inc42 that the deal between Drivezy and Shell Global has already closed. Meanwhile, the sovereign fund is in the final stages of closing the deal. Several middle eastern funds are eyeing Drivezy as it is looking to expand in the region.

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