Ridlr raises $6 mn series B from Times Internet and others

Matrix Partners India, Qualcomm Ventures and Venture debt provider Innoven Capital also participated in this round

Public transport app, Ridlr, has faised $6 million series B funding from Times Internet and existing investors Matrix Partners India and Qualcomm Ventures. Venture debt provider Innoven Capital also participated in this round.

Ridlr, which provides real-time public transport and traffic information across 24 Indian cities, is expected to use the new round of funding will be used for scaling up public transport ticketing in focus cities, growing user base, as well as hiring across key roles. Current partner agencies for Ridlr include the public transport services in Mumbai. The company is currently serving two million users. Public transport ticketing has also recently been added to the platform. 

 

Brijraj Vaghani, CEO of Ridlr said, "This round is great validation of our growth, team strength and bility to execute. It gives us the confidence to continue to disrupt the local transport space."

Miten Sampat, VP Corporate Development, Times Internet said, "Ridlr seeks to give customers a seamless public transport commuting experience. This aligns with our investment philosophy of backing companies and products that pass the 'toothbrush test' i.e., products that are used by consumers on a daily basis."