Akash Bhanshali has invested in Mumbai based start-up, SheerDrive Pvt. Ltd., which is a SaaS-based used car player. The company exists to streamline the used car transaction backed by its digital tech-equipped processes and tools.

SheerDrive comes to the market with its cutting-edge digital processes, committed to innovation and iconic customer experiences. The start-up is aimed at helping existing car businesses scale operations with better customer experience, lower holding cost, and higher profitability.

Last year in November, 2020, SheerDrive had also raised and closed its seed funding round with Group Landmark, a TPG portfolio company, and India’s leading automobile retail chain with more than 80 facilities across 27 cities.

“We welcome Akash Bhanshali! This investment further catalyzes our journey in transforming the way people buy and sell used cars in the country,” said Ravi Mehra, Founder CEO of SheerDrive.

The company has been working towards transforming the way pre-owned vehicles are sold since November 2020. Equipped with a range of new-age digital tools and services, engineered for new and used car retailers, traders and OEMs, the start-up brings to the table its solutions that lead to convenient, transparent, and seamless deals.

Learn more about SheerDrive here - www.sheerdrive.in.