Funding · Mobility & Logistics

Fery Rides raises ₹2.075 crore from Indian Angel Network

By Startup Enthusiast · 16 March 2026

What they do

Fery Rides provides safe electric vehicle rides exclusively for women in India

The company secured ₹2.075 crore in seed funding led by the Indian Angel Network

It has completed nearly one lakh rides and employs over 260 women drivers

Fery Rides has raised ₹2.075 crore in funding from the Indian Angel Network.
The startup was founded in 2019–2020, inspired by a friend's harassment incident and the Delhi e-rickshaw incident.
Founders Ajay Kumar and Vindhya Mehrotra started the venture after discussing safety concerns during their MBA days.
The platform uses AI-based facial verification and GPS tracking to ensure rider safety.
All vehicles in the fleet are 100% electric and provided in-house by the company.
Fery Rides has trained over 260 women drivers as part of its employment mission.
The company operates scooter services in Gurgaon and cab services across the NCR region.
It aims to expand operations to Bangalore, Hyderabad, and Chandigarh in the near future.

The funding will help scale operations and strengthen technology for the next growth phase.
Market research involved interacting with 5,000-6,000 women to understand specific mobility challenges.
The long-term vision includes creating an ecosystem for women's economic independence and safety.

Fery Rides offers scooty services within a controlled radius in Gurgaon.
Cab services are available 24/7 across the entire National Capital Region (NCR).
Two-wheeler rides are offered until 10 PM every night for user convenience.
Safety features include dash cameras, strict rider verification, and dedicated support teams.
The name 'Fery' reflects concepts of female riders and fairy-like safe journeys.
The business model prioritizes women drivers who are termed 'sister partners'.
Operations currently focus on the Delhi-NCR market before expanding to other cities.
The company maintains a female-only policy for both riders and drivers.
Technology integration ensures real-time monitoring and secure ride experiences for users.

Preparing for the next funding round to scale operations further.
Planning expansion into Bangalore, Hyderabad, and Chandigarh after NCR consolidation.
Strengthening technology infrastructure to support growing user base and safety requirements.

Indian Angel Network (lead) — A network of angel investors based in India that supports early-stage startups.
ACIC BMU (existing) — Provided early backing to the startup before this round.

Product: App-based cab hailing service driven by trained and verified female drivers.
Customers: Women commuters seeking safe urban and regional transportation.
How it makes money: Commission and fare revenue collected from ride bookings.
What sets it apart: Exclusively female drivers operating rides strictly for women passengers with integrated tracking and SOS tools.
Operations: Onboards women drivers designated as Sister Partners and operates across NCR.