Indian Luxury car rental platform-Hype Luxury raises funding in Pre-series A

Hype Luxury, a Bengaluru-based premier luxury car rental brand, has secured a fundraise in a pre-series round of an undisclosed amount from Razorpay, co-founders Harshil Mathur and Shashank Kumar’s new early-stage startup fund MarsShot Ventures, today, on September 5 2021.

Fund Utilisation

This latest venture would expand Hype to international markets and build a global luxury brand in an international arena. The startup also claims to be witnessing a growth rate of 100% post-COVID 19, touching a revenue of nearly a million dollars. 

What the CEO has to say

Founder and CEO of Hype Luxury mobility, Raghav Belavadi, said, “Everything Hype does is on the backbone of the strong and secured payment gateway supported by Razorpay. Harshil is fond of driving luxury cars. That way, we both share a lot of mutual respect and admiration. I am betting on the invaluable network that they bring on board in our growth phase, especially in our international expansion.”

About Hype Luxury

Hype, a luxury lifestyle company with its operations in UK, Dubai, France, Spain, Greece, Croatia, Italy & Maldives, was founded on 10 April 2017 in Bangalore by Raghav Belavadi. Since then, Hype has played a consistently important role in the history of luxury travel culture and its market development. The last few years of activities have brought glorious achievements, both on the road and on sea and air, which have helped forge the company’s character and personality. Hype’s mission is to build the world’s iconic luxury brand in mobility and lifestyle. 

The startup’s rental fleet offers high-end luxury vehicles such as BMW, Audi, Mercedes, and Maserati and various Jets and Yachts options. Users book cars for rent directly from HYPE’s website or through its mobile app extending its services across 23 states in India. It recently partnered with a US-based Enterprise Exotic Cars. For more information, check out https://gohype.in/.

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