About RideCommerce
RideCommerce is a company based in London (United Kingdom) founded in 2021 by Kumudha Puram and Sreenath Rangapuram. RideCommerce has raised $20 thousand across 1 funding round from investors including Techstars. RideCommerce offers products and services including Transportation Optimization Service. RideCommerce operates in a competitive market with competitors including Packfleet, HerdGroup, Fernhay, XeroE and GOGO Green, among others.
- Headquarter London, United Kingdom
- Founders Kumudha Puram, Sreenath Rangapuram
- SectorsTransportation, Automotive & Logistics
- Website ridecommerce.co
- Social LinkedIn X
- Legal Name Ridecommerce Ltd
- Date of Incorporation 05 Oct, 2021
- Jurisdiction SLOUGH, BERKSHIRE, UNITED KINGDOM
- Total Equity Funding$20K (USD)
in 1 rounds
- Latest Funding Round$20K (USD), Seed
Mar 2024
- Investors
Products & Services of RideCommerce
RideCommerce offers a comprehensive portfolio of products and services, including Transportation Optimization Service.
Optimizes transportation using data for sustainable and greener urban solutions
Funding Insights of RideCommerce
RideCommerce has successfully raised a total of $20K through 1 strategic funding round. The most recent funding activity was a Seed round of $20 thousand completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20,000
- Total Rounds 1
- Last Round Seed — $20,000
- First Round $20,000
(Mar 2024)
- Investors Count 1
All 1 funding rounds of RideCommerce with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $20,000 | Seed | – | Techstars | – |
1 investors in total: 1 institutional.
Investors in RideCommerce
RideCommerce has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Techstars.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated globally without sector restrictions through structured programs. | 2006 | techstars.com | New York, United States |
Investor details for RideCommerce
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of RideCommerce
2 people are tracked at RideCommerce (2 in leadership).
| Name | Role | Group |
|---|---|---|
Kumudha Puram | Co-Founder | Leadership |
Sreenath Rangapuram | Co-Founder | Leadership |
Complete people profiles for RideCommerce
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of RideCommerce
2 dated milestones of RideCommerce across 3 years, from founding to its latest funding, stage changes and deals.
- Founded RideCommerce is founded.
- Funding First funding round of $20K.
Competitors of RideCommerce
RideCommerce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Packfleet, HerdGroup, Fernhay, XeroE and GOGO Green, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| packfleet.com | 2021 | London, United Kingdom | $21.87M | 5 | Web-based last-mile delivery management services are provided. | |
| herdgroup.co.uk | 2014 | Weybridge, United Kingdom | – | – | Provides fleet management, vehicle rental, and remarketing solutions for corporate clients. | |
| fernhay.com | 2013 | Newbury, United Kingdom | – | – | Last-mile delivery solutions are provided via electric vehicle fleet. | |
| xeroe.co.uk | 2018 | London, United Kingdom | $309,550 | 6 | Electric vehicles are booked online for emission-free deliveries. | |
| gogo-green.co.uk | 2021 | Cambridge, United Kingdom | – | – | A platform providing last-mile delivery services using an electric vehicle fleet for efficient logistics. | |
| e-cargovehicles.com | 2019 | Lutterworth, United Kingdom | – | – | Provides last-mile delivery services using e-cargo vehicles. |
Detailed competitors of RideCommerce
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to RideCommerce
10 companies that operate in the same segment as RideCommerce (Logistics Technology & Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing and on-demand delivery services are aggregated via mobile app. | 2012 | Singapore, Singapore | USD 9.09 B | USD 3.37 B | 11,270 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.47 B | USD 10.72 B | 23,700 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,490 | |
Integrated logistics services including parcel delivery and warehousing are provided. | 2011 | Gurugram, Haryana, India | USD 1.25 B | USD 1.12 B | 62,070 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | – | |
E-commerce tools for shipping, marketing, and financial services are provided. | 2012 | Gurugram, Haryana, India | USD 344.42 M | USD 135.47 M | 800 | |
App based platform offering on demand delivery and ride-hailing services | 2010 | Jakarta, Jakarta, Indonesia | USD 4.72 B | – | – | |
Express delivery logistics solutions are provided for businesses and individuals. | 2015 | Bengaluru, Karnataka, India | USD 246.8 M | USD 447.86 M | – | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Frequently Asked Questions about RideCommerce
RideCommerce was founded in 2021 and raised its 1st funding round 3 years after it was founded.
RideCommerce is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
RideCommerce is a funded company, having raised a total of $20K across 1 funding round to date. The company's 1st funding round was a Seed of $20K, raised on Mar 2024.
RideCommerce was founded in 2021 in London, United Kingdom. Operations focus on AI-driven platforms that manage operating costs per kilometer and traffic congestion via electric vehicle fleets. Services encompass transportation, logistics, supply chain management, and storage sectors. The company supports last-mile delivery and mobility solutions tailored to urban environments.
RideCommerce offers Transportation Optimization Service.
RideCommerce has 1 investor. Key investors include Techstars.
RideCommerce operates through Ridecommerce Ltd.