Thursday , 21 February 2019
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Rocket Internet-backed ridesharing platform Tripda raises $11M for U.S. push

Rocket Internet-backed ridesharing platform Tripda raises $11M for U.S. push

Rocket Internet is fueling its latest start-up with cash, but this time it’s for a push into the U.S.

Tripda, a ridesharing platform that connects people looking for a ride with people who have room in their car for another rider, just raised $11 million with the majority of the money coming from Rocket.

The company essentially platformizes hitch-hiking and the app comes across as a blend between Airbnb and Lyft.  Focused on matching people for long-distance rides, Tripda positions itself as an alternative to mass travel (buses, airplanes, trains etc.). Once paired with a driver, passengers can exchange messages about travel preferences — similar to the way you can coordinate with your host on Airbnb.

It’s also essentially the same service as the French app BlaBlaCar, which Tripda competes with in Europe.

Tripda launched in the U.S. last November, and hasn’t wasted anytime rolling out to multiple cities. Already the company has a presence in New York City, Boston, Buffalo, Chicago, Cincinnati, Cleveland, Detroit, Indianapolis, Milwaukee, Philadelphia, and Washington, DC.

Typically, Rocket Internet steers clear of the states. It’s known for ripping off successful U.S. startup ideas and replicating their businesses around the world. Now Rocket is backing a company with its sight set on the U.S. — an incredibly competitive market.

Cab hailing service Uber and ridesharing app Lyft already have a hefty portion of the on-demand car service market in the U.S. And the two companies are increasingly trying to edge one another out with competing car-pooling programs, which connect riders so they can share the cost of a cab (or a Lyft). They also have no problem employing sabotage tactics, like calling and canceling rides with other services.

Already a number of smaller players have fallen by the way side including Hailo and Zimride (another ridesharing service). That means that Tripda, even with its focus longer forms of travel, has its work cut out for it.

Tripda is also available in Brazil, Colombia, Chile, Argentina, and Mexico for some time, Singapore, Malaysia, and the Philippines.

The Rocket Internet GmbH invests in innovative companies in the Internet sector and supports their development over the years. Our team is working with Berlin’s passionate and motivating them, promising business models to enter the mar… read more »

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