Archive · 2 Sep 2025
DriveU Cofounder Ashok Shastry Steps Down From Day-to-Day Role
DriveU, a company that helps people find drivers, is going through a change.
One of the founders, Ashok Shastry, has left his daily job at the company.
He says it's because of personal reasons, not because the company is doing poorly.
Ashok and his father started DriveU in 2015.
The company has provided over 5 million rides.
Ashok held various roles, including CEO and Chief Growth Officer.
His father, Ramprasad Shastry, is now the CEO.
DriveU has been profitable recently and is doing well financially.
Ashok Shastry, cofounder of DriveU, has stepped down from his day-to-day role.
Ashok's decision was due to personal reasons, not business performance.
Ashok will remain on DriveU's board.
Ramprasad Shastry has been the executive chairman and CEO since 2022.
DriveU reported a profit of INR 11.3 Lakh in FY24.
- Who
- Ashok Shastry, cofounder of DriveU, stepped down from his role.
- What
- Ashok Shastry stepped down from his day-to-day role at DriveU.
- When
- Ashok Shastry stepped down at the end of July, 2024.
- Where
- N/A
- Why
- Ashok cited personal reasons for leaving his day-to-day role.
- Company
- DriveU
- Founder
- Ashok Shastry and Ramprasad Shastry
- Ashok Shastry's Last Role
- Chief Growth Officer
- EBITDA Status
- Two consecutive EBITDA-positive years
- Total Funding
- $8 Mn
- FY24 PAT
- INR 11.3 Lakh
- FY24 Operating Revenue
- INR 24.6 Cr
- Customers Served
- Over 650K