Ridlr Raises $6 Million From Times Internet and Others in Series B Funding Round
Ridlr Brings Public Transport Information To Your Mobile
Who funded whom?
Ridlr, an app that helps in public transport information secured $6 million in series B funding by Times Internet and previous investors, Matrix Partners India, and Qualcomm Ventures. Beside that, venture debt provider, Innoven Capital, also participated in this round.
About previous funding
In 2012, Ridlr had secured seed funding of INR 2 crore from Indian Angel Network. In December 2013, the company also raised Series A round funding of unrevealed amount from Matrix Partners, and from Qualcomm Ventures in September 2014.
About the company
The company was launched in the year 2009 by Ravi Khemani and Briraj Vaghani and was developed by Birds Eye Systems. The app helps us by providing real time information like roadblocks, diversions, cancellations and so on through installed GPS probes.
Ridlr helps us by providing real-time public transport and traffic information throughout 24 Indian cities. It will invest the new funds in scaling up public transport ticketing in focus cities. It will also work towards growing its user base and employees for key posts. The current partner agencies for the company include the public transportation services of Mumbai. Currently the company serves near 2 million users.
So what do you think about this app? Let us know in our comments section below.
- Ridlr, an app which helps in public transport information, secures $6 million in series B funding by Times Internet and other investors.
- It also secured seed funding of INR 2 crore in the year 2012 from Indian angel Network.
- The company was launched in the year 2009 by Ravi Khemani and Briraj Vaghani, and was developed by Birds Eye Systems.
- Currently the company serves near 2 million users. Recently, the app also added public transport ticketing.
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