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In this article, We will discuss about Ornikar raises $120M as its driving school marketplace goes up a gear with car insurance. (ornikar series kkr 750m 175mlundentechcrunch)

Ornikar, a French online driving school marketplace, which has raised $120 million in funding. The company plans to use the funding to expand its services, including offering car insurance to its customers.

Ornikar’s platform allows users to book driving lessons and take online courses to prepare for their driver’s license exams. The company claims to have helped over one million people obtain their driver’s licenses since its founding in 2014.

The funding round was led by private equity firm KKR, with participation from existing investors Idinvest, Bpifrance, and Elaia Partners. The company’s valuation is reported to have reached $850 million following the investment.

Ornikar is one of several online driving school marketplaces in France, but it has distinguished itself by offering lower prices and a more flexible schedule for lessons. The addition of car insurance to its platform is intended to further streamline the process of obtaining a driver’s license for its customers.

Short intro Ornikar

Ornikar is a French online driving school marketplace that was founded in 2014. It offers a platform that allows users to book driving lessons and take online courses to prepare for their driver’s license exams. Ornikar has differentiated itself in the market by offering lower prices and more flexible scheduling options for its users. The company has recently raised $120 million in funding and plans to expand its services, including offering car insurance to its customers.

KKR Short intro

KKR, or Kohlberg Kravis Roberts, is a global investment firm founded in 1976. It manages multiple alternative asset classes, including private equity, credit, and real assets. KKR has invested in a diverse range of companies across multiple industries, including technology, healthcare, and energy. The firm has offices in over 20 countries and has a significant global presence. It is known for its large leveraged buyouts and its ability to create value in its portfolio companies through operational improvements and strategic partnerships.

How does Ornikar work?

Ornikar is an online driving school that offers driving lessons and assistance with the process of obtaining a driver’s license in France. Here’s how it works:

1. Registration: To get started with Ornikar, you’ll need to create an account on their website or mobile app. This involves providing your personal information, such as your name, date of birth, and contact details.
2. Theory training: Ornikar offers an online theory training program that includes video lessons, practice tests, and personalized feedback. You can complete the theory training at your own pace, and you’ll need to pass a final exam to move on to the practical driving lessons.
3. Practical driving lessons: Ornikar offers driving lessons with experienced instructors who are certified by the French government. You can book your lessons online, and you’ll be matched with an instructor who is available at a time that suits you. During the lessons, you’ll practice driving on the road, and the instructor will provide feedback and guidance to help you improve.
4. Driving exam preparation: Ornikar also offers preparation for the driving exam, which is required to obtain a driver’s license in France. This includes practice exams, feedback on your driving skills, and guidance on what to expect during the exam.
5. Booking the exam: Once you feel ready to take the driving exam, you can book it through Ornikar’s platform. They will help you find an available exam center and provide all the necessary paperwork.

Overall, Ornikar offers a flexible and convenient way to learn how to drive and obtain a driver’s license in France, using a combination of online training and in-person lessons with certified instructors.

What are Ornikar revenues?

Ornikar is a privately held company and does not disclose its financial information publicly. Therefore, its revenue figures are not available. Ornikar has raised significant funding through multiple rounds of investments, and as of 2021, the company is valued at over €700 million. According to news reports, the company has been profitable in France since 2020 and plans to expand its operations to other countries in the future.

Who owns Ornikar?

Ornikar was founded in 2013 by two French entrepreneurs, Benjamin Gaignault and Flavien Le Rendu. Today, the company is owned by its founders and several investors, including Kima Ventures, Idinvest Partners, Brighteye Ventures, Elaia Partners, and Bpifrance. The company has raised over €200 million in funding to date, with its latest funding round in March 2021 raising €100 million to support its expansion into new markets.

Who are Ornikar competitors?

Ornikar operates in a highly competitive market, with many other driving schools and online driver education providers offering similar services. Here are some of Ornikar’s main competitors in France:

1. Auto-école.net: Auto-école.net is an online driving school that offers driving lessons and theory training, similar to Ornikar.
2. En Voiture Simone: En Voiture Simone is a driving school that focuses on offering affordable driving lessons for women, but they also provide lessons to men.
3. Lepermislibre: Lepermislibre is another online driving school that offers theory training and practical lessons.
4. PermiGo: PermiGo is a mobile app-based driving school that offers driving lessons and exam preparation.
5. École de conduite française: École de conduite française is a traditional driving school that offers in-person driving lessons and theory classes.
6. Auto-école Marietton: Auto-école Marietton is a chain of driving schools with locations throughout France, offering driving lessons and theory training.

These are just a few examples of Ornikar’s competitors, but there are many other driving schools and online driver education providers that operate in France.

What are 4 types of revenue?

The four types of revenue are:

1. Transaction revenue: This type of revenue is generated by selling products or services to customers. It includes revenue from the sale of goods, subscription fees, and fees for services rendered.
2. Recurring revenue: Recurring revenue is generated by providing ongoing services to customers on a regular basis. This can include subscription-based services or contracts for ongoing maintenance and support.
3. Advertising revenue: This type of revenue is generated by selling advertising space or promoting other companies’ products or services to customers. It includes revenue from display ads, sponsored content, and affiliate marketing.
4. Licensing revenue: Licensing revenue is generated by licensing out products or intellectual property to other companies or individuals. This can include revenue from licensing software, patents, or trademarks.

Frequently Asked Questions (FAQs)

Conclusion

Ornikar is a promising online driving school marketplace that offers affordable prices and flexible scheduling options for its users. With its recent funding round of $120 million led by KKR, the company plans to expand its services, including offering car insurance to its customers. This expansion could help further streamline the process of obtaining a driver’s license and create additional value for its users.

Ornikar’s innovative business model has disrupted the traditional driving school industry in France and offers a more convenient and accessible alternative for individuals seeking to obtain their driver’s license. Overall, Ornikar’s growth potential, combined with its commitment to affordable and high-quality services, make it a company to watch in the future.

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