Carrum Mobility raises $10M in Series B led by Uber
Carrum Mobility will use this funding to expand its presence across the country and also invest in technology as well as talent.
Startup Carrum Mobility, a B2B fleet management company, has raised $10 Mn in its Series B funding round led by ride-hailing giant Uber. This marks Uber's second investment in Carrum, following a $7 Mn round in January 2026. Carrum plans to utilize the funds to expand across markets, enhance its technology, scale operations, and increase its workforce.
The capital will also bolster Carrum's core mobility business and Uber Black services in India. The company, founded in 2024 by Karan Jain, has nearly doubled its business size since the previous funding round. Carrum operates over 5,000 vehicles across major Indian cities and aims to launch operations in Chennai by September 2026.
Jain, who previously founded Revv, a car rental startup acquired by CarDekho Group, highlighted the company's profitability since its inception. As of now, Carrum operates at an annualized revenue run rate of around ₹400 Cr. CarDekho Group, a backer in 2024, remains an early equity investor, while Trifecta Capital, Girnar Capital, Shriram Finance, and Northern Arc are among the debt investors.
For Uber, this partnership aims to add premium vehicles to its platform and bolster Uber Black's expansion across Indian cities.
Written by urgent.news from Inc42's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
