Bengaluru-based driver-on-demand and car service platform DriveU has announced that its co-founder and COO, Ashok Shastry, has stepped down from his role. Shastry, who co-founded the company in 2015, played a key role in scaling DriveU into one of India’s largest driver aggregation platforms.
During his tenure, Shastry helped DriveU expand operations across multiple cities and diversify into car servicing, roadside assistance, and insurance products. His exit marks a significant leadership change at the mobility-tech startup as the company looks to consolidate its position in a competitive market.
While confirming his departure, Shastry expressed gratitude to the DriveU team and investors, emphasising that he will continue supporting the company in an advisory capacity. Reports suggest that Shastry plans to launch a new venture in the mobility-tech and logistics space, though details remain undisclosed.
Industry experts believe the leadership reshuffle comes at a critical time, as driver-on-demand platforms are witnessing rising demand post-pandemic, coupled with growing competition from both startups and traditional cab-hailing services.
DriveU CEO and co-founder Rahul Mehra assured that the transition will be smooth, with the company focusing on strengthening its technology stack and enhancing user experience.
This move adds to the growing trend of Indian startup founders stepping back from operational roles to explore new opportunities in emerging sectors.
Summary Table
Metric | Details |
---|---|
Company | DriveU (Driver-on-Demand & Car Service Platform) |
Cofounder | Ashok Shastry |
Role | Cofounder & COO |
Founded | 2015 |
Exit Reason | To pursue a new venture in mobility-tech/logistics |
Continued Role | Advisory capacity at DriveU |
Successor/Leadership | Expanded operations across cities, diversified into services like car servicing, insurance, and roadside assistance |
Industry Context | Rising demand post-pandemic, increased competition |
Key Contributions | Expanded operations across cities, diversified into services like car servicing, insurance, roadside assistance |
Future Plans | Expanded operations across cities, diversified into services like car servicing, insurance, and roadside assistance |