eZhire raises seed funding from Jabbar Internet Group

Date: 4 FEB 2018posted by Car Rentaledited by WinX

eZhire is a startup based in Dubai and they want to change the way people rent a car. Led by Jabbar Internet Group, the start up has raised an undisclosed amount of seed funding. According to a statement by the company, investors Ali Al-Salim, co-founder, Arkan Partners, and Sahm A. Yaghi, Partner, Al Jal Investors were also part of the round. The startup plans to utilize the funds on marketing, expansion to other UAE cities and to upgrade their IT infrastructure and scale their operations as an on-demand car rental app which would connect renters to car rental companies.

eZhire's business model would allow the startup "to operate somewhere in-between an old-school car rental company and a peer-to-peer [tech] service." The company was launched in 2016. Their app allows users to register which required identity credentials, request a rental car of their choice and have it delivered. The entire process completed without paperwork. "We had domain expertise in car rental, and we found it very confusing and complicated to rent a simple car. We believe that renting a car should be as simple as hiring a cab, and that's how the idea for eZhire was born," said Saduzai, founder of eZhire.

Sauzai believes the founding team's industry expertise and the fact that eZhire has been able to generate revenue from an early stage helped in their fundraising. "Within a week's time of [of sending pitches] we got positive responses. Also we didn't dig too deep in the negotiation process." Sauzai also noted that within "2-3 months, the funds were transferred eZhire's bank account." He also has stated he has been thankful to the support they have been getting from the regional ecosystem enablers including Dubai Startup Hub and in5 Dubai.

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