Dubai-based Zofeur raises $500,000 Seed round
- Dubai-based ride-hailing startup Zofeur has announced it raised a $500,000 Seed funding round in May 2021, led by angel investors.
- Founded in July 2020 by Bunty Monani and Ishrath Hasmin, Zofeur is an on-demand pay-per-minute chauffeur service. Users can hire a chauffeur to drive their car or send their car for annual vehicle inspections.
- The acquired investment will fuel the startup’s plans to expand across the region by 2022, starting with Saudi Arabia and Bahrain.
Introducing Zofeur, the world’s first on-demand pay-per-minute chauffeur services platform with no minimum usage commitment – be it 10 minutes, 10 hours or 10 days, users can instantly hire personal chauffeurs through their mobile app. The Dubai-based tech startup successfully raised seed funding of $500,000 in May 2021. The round was predominantly led by Zofeur’s customers turning as Angel investors. The startup plans to expand across the region by 2022.
Zofeur was founded in July 2020, by two entrepreneurial friends, Bunty Monani and Ishrath Hasmin, who bootstrapped the company while working full-time jobs. Zofeur now has over 50,000 users in Dubai alone and is offering a unique pay per minute payment model. The app has undergone a revamp in November 2021, as a result of taking on board customer feedback to offer the best user experience.
“Safe driver is a very old school term, but Zofeur is much more than that. We are a lifestyle service for anyone who does not want to compromise time, money, and comfort. Along with safe driver services, you can now hire chauffeurs to drop and pick up cars from service, send your car for annual vehicle inspection, take you for a meeting and many more use cases. All under one mobile app,” says Bunty, Founder and CEO of Zofeur.
Commenting further, Ishrath, co-founder and COO says, “we visualise a world where everyone can have a personal chauffeur with one tap on your mobile. During our first year of business, we really focused on creating the best product for our customers, and now we have revamped the application. As a result, a large portion of our investment came from existing users and customers. We believe there is huge potential for Zofeur across the region and internationally. Our aim is to make chauffeur services, luxury service today, a daily necessity.”
Zofeur is set for international expansion in Q2 of 2022, starting with Saudi Arabia and Bahrain.