Women-led mobility startup Fery Rides raises Rs 2 crore in a seed funding round led by IAN Angel Fund, a part of the IAN Group. The round saw participation from investors Hari Balasubramanian, Uday Chatterjee, and Sri Prakash. The fresh funding marks a major step in the startup’s mission to build safer and more inclusive transportation for women.
The company plans to use the capital to strengthen its technology platform, expand operations beyond Delhi NCR, and onboard more women drivers, known as “Sister Partners.” With this support, Fery Rides aims to build a national movement focused on safety, empowerment, and sustainability.
Key Takeaways
- Fery Rides raises Rs 2 crore in a seed round led by IAN Angel Fund.
- Funds will help enhance technology, expand operations, and onboard more women drivers.
- Founded in 2023, the platform offers rides only for women, by women.
- Over 65,000 rides completed and 250+ women drivers empowered so far.
- All vehicles are electric, promoting sustainability and safety.
- Plans to expand across Delhi NCR and other cities in India.
- Backed by IAN Group, the company aims to create inclusive, eco-friendly urban mobility.
How is Fery Rides Redefining Women’s Mobility?
Founded by Ajay Kumar, Vindhya Mehrotra, and Himanshu Chaubey, the idea for Fery Rides came after Kumar witnessed a close friend being harassed by a ride-hailing driver. This incident inspired him to create a platform exclusively designed for safe rides by women, for women.
Launched in April 2023, the Gurugram-based company ensures that every ride is operated by trained and verified women drivers and serves only women passengers. The app includes real-time tracking, SOS alerts, and WhatsApp-based support, ensuring complete safety during every journey.
Fery Rides’ Growth and Sustainability Mission
Since its launch, Fery Rides raises Rs 2 crore has enabled the startup to accelerate its sustainability goals. The platform has completed more than 65,000 eco-friendly rides, empowered 250+ women drivers, and crossed 50,000 app downloads. All vehicles on the platform are electric, reflecting the company’s commitment to green mobility.
The startup currently operates in Gurugram and plans to expand across Delhi NCR and other Indian cities soon. It has also partnered with Sakha Cabs for airport services and participated in pilot operations during the Mahakumbh in Prayagraj, highlighting its growing presence in women’s mobility.
Leadership Voices on the Funding
Ajay Kumar, Co-founder & CEO of Fery Rides, said, “This fundraise is more than just capital; it’s a validation of our mission to redefine mobility for women in India. With the support of IAN Group, we are ready to scale Fery into a national movement for safer, sustainable, and women-led transportation.”
Padmaja Ruparel, Co-founder of IAN Group, added, “Real change happens when innovation meets inclusion. Fery Rides places women at the centre of the mobility solution, combining empowerment, technology, and trust to create lasting impact.”
