About Ridlr
Ridlr is a company based in Mumbai (India) founded in 2010 by Brijraj Vaghani was acquired by Ola in April 2018.. Ridlr has raised $8.26 million across 8 funding rounds from investors including Ola Cabs, Times Internet and Qualcomm Ventures. The company has 84 employees as of April 06, 2024. Ridlr operates in a competitive market with competitors including redBus, IntrCity SmartBus, Omio, Cityflo and AbhiBus, among others.
- Headquarter Mumbai, India
- Employees 84 as on 06 Apr, 2024
- Founders Brijraj Vaghani
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsTravel & Hospitality
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Birds Eye Systems Private Limited
- Date of Incorporation 28 May, 2010
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$55.02 K (USD)-85.5as on Mar 31, 2013
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Net Profit
$-74.44 K (USD)96.26as on Mar 31, 2013
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EBITDA
$49.15 K (USD)102.23as on Mar 31, 2013
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Total Equity Funding
$8.26 M (USD)
in 8 rounds
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Latest Funding Round
$38.86 K (USD), Angel Round
Sep 05, 2017
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Investors
Ola Cabs
& 47 more
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Employee Count
84
as on Apr 06, 2024
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Acquired by
Ola
(Apr 03, 2018)
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Funding Insights of Ridlr
Ridlr has successfully raised a total of $8.26M across 8 strategic funding rounds. The most recent funding activity was a Angel Round round of $38.86 thousand completed in September 2017. 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 8
- Last Round Angel Round — $38,857
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First Round
First Round
(26 Sep 2011)
- Investors Count 47
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2017 | Amount | Angel Round - Ridlr | Valuation | Jitendra Gupta |
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| Apr, 2016 | Amount | Series B - Ridlr | Valuation | Times Internet , Innoven Capital | |
| Jan, 2016 | Amount | Series A - Ridlr | Valuation | Z47 |
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| 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 Ridlr
Ridlr has secured backing from 48 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include Ola Cabs, Times Internet and Qualcomm Ventures. 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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Venture capital investing in technology sectors such as AI and automotive.
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Founded Year | Domain | Location | |
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Venture debt financing is extended to companies across multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital investment firm
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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 Ridlr
| 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 - Ridlr
| 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 |
Ridlr Comparisons
Competitors of Ridlr
Ridlr 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 redBus, IntrCity SmartBus, Omio, Cityflo and AbhiBus, 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 |
Bus tickets are booked online via portal and mobile app.
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| domain | founded_year | HQ Location |
Sleeper bus tickets are provided via an online booking platform.
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| domain | founded_year | HQ Location |
App-based platform for booking transport services
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| domain | founded_year | HQ Location |
App-based air-conditioned bus services for office commutes are provided.
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| domain | founded_year | HQ Location |
Transportation tickets and accommodations are booked via an online platform.
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| domain | founded_year | HQ Location |
Intercity bus services are booked via an online platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Latest news on Ridlr
Frequently Asked Questions about Ridlr
When was Ridlr founded?
Ridlr was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Ridlr located?
Ridlr is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Ridlr?
Brijraj Vaghani is the current CEO of Ridlr. They have also founded this company.
Is Ridlr a funded company?
Ridlr is a funded company, having raised a total of $8.26M across 8 funding rounds to date. The company's 1st funding round was a Series A of $396.14K, raised on Sep 26, 2011.
How many employees does Ridlr have?
As of Apr 06, 2024, the latest employee count at Ridlr is 84.
What is the annual revenue of Ridlr?
Annual revenue of Ridlr is $55.02K as on Mar 31, 2013.
What does Ridlr do?
Ridlr was founded in 2010 in Mumbai, India, as an app-based platform in the public transportation sector. Live transit information, schedules, and traffic updates are provided to users, along with options to purchase tickets, recharge metro cards, and access step-by-step navigation to nearby stations. The mobile application is available for Android devices and has been featured in media outlets such as The Economic Times and DNA.
Who are Ridlr's investors?
Ridlr has 48 investors. Key investors include Ola Cabs, Times Internet, Qualcomm Ventures, InnoVen Capital, and Fao Ventures.
What is Ridlr's valuation?
The valuation of Ridlr is $25.11M as of Sep 2017.
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