Dubai tech start-up Zofeur raises $500,000, eyes Middle East expansion

Platform allows users to book personal drivers and pay per minute of service

  
Image used for illustrative purpose. Seed funding or seed stage funding is a very early investment which aims at helping a business grow and generating its own capital. Also referred to as seed money or seed capital, investors often get equity stake in exchange for the capital invested.

Image used for illustrative purpose. Seed funding or seed stage funding is a very early investment which aims at helping a business grow and generating its own capital. Also referred to as seed money or seed capital, investors often get equity stake in exchange for the capital invested.

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Founders of Dubai-based personal driver booking app Zofeur have raised $500,000 in seed funding and announced plans to expand in other markets in the Middle East.

Established in July 2020 by two entrepreneurial friends, Bunty Monani and Ishrath Hasmin, the tech start-up allows customers to book chauffeur services on a pay-per-minute payment model. It doesn’t require usage requirement – be it 10 minutes, 10 hours or 10 days, and users can hire drivers to do essential tasks, such as taking their car for service or driving them to work. 

The funding round was mainly participated in by Zofeur’s customers turning as Angel investors. 

The app currently has more than 50,000 users in Dubai alone and its founders have expressed plans to expand market reach in the second quarter of 2022, starting with Saudi Arabia and Bahrain. 

“Along with safe driver services, you can now hire chauffeurs to drop and pick up car from service, send your car for annual inspection, take you for a meeting and many more use cases – all under one mobile app,” said Monani. 

Ishrath said they aim to make chauffeur services “a daily necessity”. “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,” he said. 

(Writing by Cleofe Maceda; editing by Daniel Luiz ) 

Cleofe.maceda@refinitiv.com 

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