Ryde
Latest round
- Seed
Last raised
- Aug 2021
Total raised
- $3.5M
Investors
- 4
About Ryde
Founded in 2018, Ryde operates as a delivery marketplace focused on the gig economy, headquartered in London, UK. The company has pursued two deals, with the most recent deal occurring on August 4, 2021.Ryde operates as a prominent delivery marketplace that caters specifically to the gig economy, focusing on enhancing the lives of gig workers. The company's core offerings revolve around same-day delivery services that facilitate quick and efficient transport of goods. These services cater to a diverse client base including local retailers, e-commerce businesses, and individual consumers who require rapid delivery solutions. Ryde’s platform enables users to connect with delivery personnel, allowing for the seamless execution of deliveries in various urban areas, particularly across the UK.Ryde generates revenue primarily through its delivery services, structured around transaction fees charged for each completed delivery. The pricing model involves fees based on distance, weight, and urgency of the delivery. Clients, such as retailers and e-commerce operators, engage with Ryde's services on a per-delivery basis, establishing a direct relationship that facilitates recurring business. This structure supports a range of clients from small local shops to larger online retailers who require robust delivery solutions. Future plans include the development and launch of new products designed to enhance user experience and explore expansion into new markets across Europe and beyond, with a targeted timeline for these initiatives yet to be specified.
Who invested in Ryde
4 investors across 1 round
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Funding rounds
Seed
Aug 4, 2021
Amount
$3.5M
Investors
Questions about Ryde
Who invested in Ryde?
Ryde has 4 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Ryde raised?
Ryde has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Ryde last raise money?
Ryde's most recent round on record is a Seed, in Aug 2021.
What does Ryde do?
Founded in 2018, Ryde operates as a delivery marketplace focused on the gig economy, headquartered in London, UK.
Where is Ryde headquartered?
Ryde is headquartered in London, UK.
Which VCs invest in companies like Ryde?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Ryde's stage. Their profiles are linked below.
VCs backing software startups at Seed
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