# Tripid.ph

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tripid-ph

- Industry: Transportation Services
- Headquarters: Manila, Philippines
- Website: www.tripid.ph
- Total disclosed funding: $0.1M
- Latest round: Seed (Jan 31, 2013)
- Investors on record: 1

## About

Tripid.ph is an innovative platform revolutionizing transportation logistics in the Philippines, simplifying ride-sharing experiences for users through its user-friendly application.Tripid.ph operates as a ride-sharing service designed to connect passengers with drivers in a seamless manner. Founded by Michael Dee, the company has undergone strategic pivots to enhance its service offerings. Headquartered in Manila, Philippines, Tripid.ph has received funding through a SEED round amounting to USD 0.05 mn from Kickstart Ventures on January 31, 2013, which has been crucial for its growth and operational capabilities.Tripid.ph offers a mobile application that allows users to easily book rides with available drivers in their vicinity. This service is tailored for both individual commuters seeking convenience and businesses requiring reliable transportation solutions for their employees. By addressing common transportation challenges, such as wait times and availability, Tripid.ph aims to enhance commuting experiences across various urban areas in the Philippines.Tripid.ph generates revenue primarily through a commission-based model, where a percentage of each ride fare is retained for facilitating the transactions between drivers and passengers. This revenue structure is designed to ensure sustainable growth while providing competitive pricing for riders and fair earnings for drivers. The company actively markets its services through various channels to attract new users and maintain engagement with existing customers.Tripid.ph plans to expand its service offerings by developing new features in its application, with a roadmap targeting specific enhancements by the end of 2023. The company also aims to penetrate additional urban markets in the Philippines, strategically planning to enter Davao and Cebu by mid-2024. The recent SEED funding of USD 0.05 mn will primarily be utilized to support these initiatives, focusing on technology enhancements and market entry strategies.

## Funding rounds

- Seed, Jan 31, 2013, $0.1M — Kickstart Ventures

## Investors

- Kickstart Ventures (https://capitalatlas.ai/funds/kickstart-ventures) — Seed