Time For Indians To Embrace Car Pooling Wholeheartedly As Tripda Bags $11-million Investment

Tripda, a multinational carpooling platform, has received investments worth $11 million in a round of funding led by Rocket Internet – a company which identifies and builds proven Internet business models. Tripda had made its debut in India in November last year.

Tripda intends to use the capital to expand its global operations and boost development of its product for multiple markets. “We are very grateful for the continued confidence of Rocket Internet and the backing by a prominent New York-based investor. 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 chief executive officer (CEO) of Tripda.

“It provides us with the strategic flexibility to further grow our community by connecting even more long-distance travellers going the same way,” he added.

Nitish Bhushan, country manager, Tripda, said, “This funding places a marker in the ground for Tripda. We will continue to invest into our growing community and strive to become the premier carpooling platform in India.”

Tripda connects people who need rides with those who have empty car seats. The ride-sharing platform verifies drivers and passengers to ensure security. And for women, it also has a ‘ladies only’ option.

Currently, the company operates in 13 countries.