About Ridingo
Ridingo is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2013, and was acquired by Carzonrent in April 2015. Ride-sharing is facilitated via a prepaid points-based mobile platform. The company was acqui-hired. Its focus areas include Consumer, Road Transport Tech, Pooling and Car.
Company details
Ridingo was founded in 2013 in Bengaluru, India, as a car pooling platform in the mobility sector. Operations are conducted through an Android app where passengers purchase ride points in advance, and drivers receive points upon ride completion for redemption as fuel credits. The service emphasizes prepaid transactions and was acquired by Carzonrent in April 2015.
- Headquarters Bengaluru, India
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Website ridingo.com
- Social LinkedIn X Facebook
- Acquired by Carzonrent (Apr 2015)
- InvestorsCarzonrent
& 1 more
- Acquired byCarzonrent
(Apr 2015)
Funding Insights of Ridingo
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Ridingo 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 |
|---|---|---|---|---|---|
| Aug 2013 | Seed | – | GSF | – |
2 investors in total: 2 institutional.
Investors in Ridingo
Ridingo has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Carzonrent and GSF India.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech investments are focused on by GSF in India. | gsfindia.com | Delhi, India | ||
Car rental services are facilitated via an online booking platform. | 2000 | carzonrent.com | Delhi, India |
Investor details for Ridingo
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.
Timeline of Ridingo
3 dated milestones of Ridingo across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Ridingo is founded.
- Funding First funding round.
- Exit Acquired by Carzonrent.
Top companies in Road Transport Tech
3 companies that operate in the same segment as Ridingo (Road Transport Tech) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Ride-hailing, electric vehicles, and financial solutions are provided via app. | 2010 | Bengaluru, Karnataka, India | USD 3.83 B | USD 278.63 M | 2,473 | |
Operator of a bike taxi aggregation service, offering intra-city travel and first-mile, last-mile connectivity solutions | 2015 | Bengaluru, Karnataka, India | USD 826.75 M | USD 19.11 M | 817 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Ridingo
Complete news archive for Ridingo
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ridingo
Ridingo was founded in 2013.
Ridingo is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Ridingo was founded in 2013 in Bengaluru, India, as a car pooling platform in the mobility sector. Operations are conducted through an Android app where passengers purchase ride points in advance, and drivers receive points upon ride completion for redemption as fuel credits. The service emphasizes prepaid transactions and was acquired by Carzonrent in April 2015.
Ridingo has 2 investors. Key investors include Carzonrent, and GSF India.
Yes. Ridingo was acquired by Carzonrent in April 2015.