About Ridejoy
Ridejoy is a company based in San Francisco (United States) founded in 2011 by Randy Pang and Kalvin Wang. It operates as a B2C. Ridejoy has raised $1.42 million across 2 funding rounds from investors including Lerer Hippeau, SV Angel and Founder Collective. Ridejoy operates in a competitive market with competitors including Tesloop, CarSmartt, DmeCar, Tripick and ShareLift, among others.
- Headquarter San Francisco, United States
- Founders Randy Pang, Kalvin Wang
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.42 M (USD)
in 2 rounds
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Latest Funding Round
$1.3 M (USD), Seed
Jan 25, 2012
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Investors
Lerer Hippeau
& 5 more
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Employee Count
Employee Count
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Funding Insights of Ridejoy
Ridejoy has successfully raised a total of $1.42M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.3 million completed in January 2012. 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 Total Funding
- Total Rounds 2
- Last Round Seed — $1.3M
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First Round
First Round
(01 Jun 2011)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2012 | Amount | Seed - Ridejoy | Valuation |
investors |
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| Jun, 2011 | Amount | Seed - Ridejoy | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ridejoy
Ridejoy has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Lerer Hippeau, SV Angel and Founder Collective. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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USA focused VC firm investing in seed and early stage startups
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Founded Year | Domain | Location | |
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Early-stage investments are provided to transformative technology companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on tech sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ridejoy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ridejoy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ridejoy Comparisons
Competitors of Ridejoy
Ridejoy 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 Tesloop, CarSmartt, DmeCar, Tripick and ShareLift, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers Tesla vehicles as a subscription-based service for users.
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| domain | founded_year | HQ Location |
Offers a ride-sharing and parcel delivery app for long and short distances.
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| domain | founded_year | HQ Location |
Functions as an app-based carpooling platform for intercity rides.
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| domain | founded_year | HQ Location |
Offers an online platform for intercity ride-pooling services.
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| domain | founded_year | HQ Location |
Rideshare platform for skiers and snowboarders is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Ridejoy
When was Ridejoy founded?
Ridejoy was founded in 2011.
Where is Ridejoy located?
Ridejoy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Ridejoy a funded company?
Ridejoy is a funded company, having raised a total of $1.42M across 2 funding rounds to date. The company's 1st funding round was a Seed of $120K, raised on Jun 01, 2011.
What does Ridejoy do?
Ridejoy, based in San Francisco, focuses on providing transportation services, sharing economy, ridesharing, and marketplace platforms. Operates a community-driven marketplace for ridesharing services. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Ridejoy?
Who are Ridejoy's investors?
Ridejoy has 6 investors. Key investors include Lerer Hippeau, SV Angel, Founder Collective, Reinmkr Satsang, and Freestyle VC.