Carrum Built A ₹233 Cr Business By Running Cars For Uber; Can It Grow Beyond One Platform?

by · Inc42

SUMMARY

  • Carrum Mobility, founded by former Revv founder Karan Jain in 2024, has built a fleet of 5,500 vehicles to serve Uber's Go, Premium and Black offerings. The startup has received $17 Mn in funding from Uber this year
  • Carrum has built a profitable business by managing vehicles and drivers for Uber, but its dependence on a single ride-hailing platform raises questions about long-term sustainability and independent growth
  • With ₹233 Cr in FY26 operating revenue and ₹6.5 Cr profit, the startup is eyeing fleet expansion and adjacent mobility services. The challenge is diversifying without weakening its Uber partnership
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Booking an Uber, Ola or a Rapido takes a few taps. But keeping thousands of cars available, drivers earning and vehicles maintained requires an entire operation behind the scenes.

Gurugram-based Carrum Mobility has built its business around that responsibility.

Founded in 2024 by Karan Jain, who previously cofounded self-drive rental startup Revv, Carrum emerged after CarDekho acquired Revv in 2023. Conversations with former colleagues at Uber convinced Jain that managing organised fleets could become a significant opportunity in India’s ride-hailing market. 

Since its inception, Carrum has grown into a sizable fleet operator with 5,500 vehicles on its books, all the while remaining profitable, according to Jain. The startup has also received $17 Mn funding from Uber this year alone. 

How Carrum Makes Money From Its Fleet

Carrum’s biggest strength is its partnership with Uber. It claims to be India’s largest supplier of Uber Black vehicles. By managing vehicles and drivers across Uber’s Go, Premium and Black services, the startup gets access to a large pool of ride demand without having to build its own customer-facing app. Its job is to keep cars running, drivers earning and vehicles productive.

This is also where Carrum’s business model shines the most. Many drivers want to earn through ride-hailing but cannot afford to buy a car or take on the cost of maintaining one. Carrum helps bridge that gap by managing vehicles and driver partners. The model has helped Carrum build a network of thousands of drivers and vehicles in a relatively short period.