Venture accelerator and Internet company Rocket Internet has added Tripda — a ridesharing service — to its investment portfolio.
Together with other investors, Rocket Internet recently contributed US$11 million to Tripda's Series A funding round. Tripda plans to use the new funds to expand its global operations, grow its user base, and continue developing its web and mobile product for multiple markets.
"The investment is a clear recognition of our leading regional footprint and an affirmation of the growth strategy and potential of our business," said Pedro Meduna, co-founder and CEO of Tripda.
Tripda is a car pooling service offered in 13 countries across North America, Latin America and Asia. In Asia, it is available in Malaysia, Singapore and the Philippines.
Tripda connects people who need rides with people who have empty car seats, with the aim of filling in the long-distance (often inter-state) travel market as an alternative to buses, trains and short flights. Passengers and drivers can set personal travel preferences, exchange messages, and mutually filter travel partners taking similar journeys.
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