Fery Rides, a women-led mobility platform built for women, has raised ₹2.075 crore in a seed funding round led by IAN Angel Fund, part of IAN Group. The round was led by Hari Balasubramanian, Uday Chatterjee, and Sri Prakash.
The funds raised will be used to strengthen its technology platform, scale operations beyond NCR, and onboard more women drivers, referred to on the platform as Sister Partners.
Founded in 2022 by Ajay Kumar, Vindhya Mehrotra, and Himanshu Chaubey, Fery Rides is a Gurugram-based mobility platform and India’s first to be built by women, for women. It offers safe and reliable rides operated only by trained and background-verified women drivers, called Sister Partners.
Fery ensures every ride is operated by trained and verified women drivers and is exclusively used by women passengers. Technology enables easy onboarding, real-time tracking with SOS alerts, and WhatsApp-enabled customer support, through a robust app. Additionally, all vehicles are electric, making the platform both sustainable and inclusive.
Since launching in April 2023, Fery has completed over 65,000 eco-friendly rides, empowered more than 250 women drivers, and crossed 50,000 app downloads.
The service currently operates in Gurugram and is preparing to scale across Delhi NCR and other major cities. Fery has partnered with players like Sakha Cabs for airport rides and participated in pilot operations during the Mahakumbh in Prayagraj.
Ajay Kumar, Co-founder & CEO, Fery Rides, said, “This fundraise is more than just capital; it’s a strong validation of our mission to redefine mobility for women in India. With the backing of IAN Group and our mentors, we are ready to scale Fery into a national movement for safer, sustainable, and women-led urban transportation.”
Padmaja Ruparel, Co-founder, IAN Group, said, “Real change happens when innovation meets inclusion. Fery Rides places women at the centre of the solution to one of the biggest challenges — safe mobility. This company has built an innovative solution to a real problem, creating both value and social change. We’re proud to support a team that is redefining transportation through empowerment, technology, and trust.”
