Enquire Now Book A Test Drive EMI Calculator

Sheerdrive Raises Seed Round Funding From Group Landmark

Ahmedabad: SheerDrive, a Mumbai-based digital used-car platform, has successfully closed its seed round funding with Group Landmark, a TPG portfolio company, and India’s leading automobile retail chain with more than 80 facilities across 27 cities.

SheerDrive aims to transform and streamline the way pre-owned cars are bought and sold. It offers an online platform for real-time pricing with the goal to drive the used car market higher. With its array of new digital tools and services specifically designed for OEMs, new and used car retailers, SheerDrive seeks to solve legacy issues of convenience, transparency, and pricing. Auto dealers will form a key part of the value chain.

“We believe our advanced digital tools, resources, and unique car sales and exchange propositions will not only drive better new car sales but also take the consumer buying experience, digitally and in-store, to a new high. We can effectively resolve the problems of dealing with pre-owned cars and bring about much-needed infrastructure to car dealerships,” said Ravi Mehra, the CEO, and Co-founder of SheerDrive, shedding light on the platform.