Driveree

Driveree
Driveree image
Type	Private
Industry	Online Food Ordering
Founded	Nov 2020
Founder(s)	Karanbir Singh
Product(s)	Online Food Delivery Services
Website	https://driveree.com/

Driveree, Inc. is an Australian company that offers an innovative online food ordering, delivery, and rideshare platform. Launched in 2020, Driveree operates through the Driveree App and serves the western suburbs of Victoria. Deliveries are managed by local Driveree drivers or third-party providers using cars, scooters, and bikes.

What sets Driveree apart is its focus on empowering restaurants to promote their offerings both on the platform and via its social media channels, fostering mutual growth and creating a win-win partnership. Driveree's commitment to fairness is reflected in its payment structure, where drivers earn a commission based on the value of each order. However, the company has faced some criticism for higher commission rates during non-peak hours. Despite this, Driveree remains dedicated to providing cost-effective food delivery and rideshare solutions, while supporting local businesses and drivers.

History

Driveree App in Play store/

In late 2016, Karanbir Singh, a student at Federation University, and a former Uber Eats driver began gathering feedback from drivers, restaurant owners, and customers to address the challenges of food delivery apps. During this process, a small store owner raised concerns about digital marketing and driver attitudes, which inspired Karanbir and his team to develop a solution.

In November 2020, they officially launched the company under the name Driveree.com in Victoria, Australia. In February 2021, Driveree invested AUD $150,000 in the development of its product. Earlier, in November 2020, the company secured $60,000 in funding from ANZ Bank to stabilize the app. Since then, Karanbir Singh, along with investor Murgesh Patel, has contributed approximately $2.5 million to build a skilled IT team and address technical challenges.

By early 2024, Driveree had launched in Geelong, Victoria, and quickly became the largest food delivery provider in Australia, as measured by consumer spending. The company has maintained its market leadership throughout 2024.

In May 2024, Driveree opened its first ghost kitchen, Driveree Kitchen, featuring four restaurants. According to Best in New Zealand and Geelong Times, Driveree injected over $6.5 million into the Geelong community through initiatives like offering a $15 flat discount on food orders over $50, along with a $7 delivery fee. These efforts encouraged residents to support local eateries, effectively channelling funds into the hospitality sector. Not only did this initiative boost restaurant revenues, but it also increased the earnings of delivery drivers, who received the $7 delivery fee as part of their compensation.

Driveree has also supported Australian restaurants by providing digital marketing solutions, allowing smaller businesses to expand their reach. This strategy has helped restaurant partners maximize profits, increase visibility, and stay competitive in an increasingly crowded market, transforming Driveree from a Geelong startup into a national brand.

By June 2024, Driveree had implemented policies to ensure that drivers receive commissions along with a basic per-kilometer rate. In addition, the company began developing an in-house navigation system, Driveree Map, to reduce operating costs and improve efficiency.

Markets

Driveree with current valuation of more than AU $50 million, and in began expanding into Whole Australian markets competing UberEats, DoorDash, Company is expecting to expand by early 2025.

Data Center

On Nov, 2024, Driveree Confirms that Driveree is ready to launch inhouse data center to protect data and reduce 3rd party cost of hosting services like Aws, and Azure like platform to reduce cost and increase economic stability.

In-house Map & Drone Technology

drone [1]

Driveree also confirmed that it is set to launch its in-house map technology reduce reliance on third-party map services like Google Maps. This initiative will help cut costs, boost economic stability, and support future developments, including their drone navigation operating system.These innovations will further strengthen Driveree’s infrastructure, enabling more efficient and cost-effective operations.