Vehicle rental Drivezy to go public in US or Japan

Ankur Sengupta, who heads business development for vehicle rental platform Drivezy, told Mint that the startup will look to list either at the New York Stock Exchange or Tokyo Stock Exchange.

“India is not an option for us (for an IPO) mainly because all of our current investors are from Japan and US, and secondly India’s existing laws don’t allow loss-making companies to sell shares to the general public," Sengupta said over the phone.

Drivezy offers operates a rental fleet of around 15,000 bikes and 4,000 cars in 11 cities.

  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2020 by StartupNews. Proudly created in India