rideIT is a ride-sharing service that facilitates sharing of rides in private and commercial vehicles as an inter-company service exclusively for working professionals and verifies each user’s employer for security. Employees with cars or bikes can offer lifts and colleagues travelling the same route can take those lifts. The company is incubated by Unltd Hyderabad and is led by CEO Rahul Jacob and CTO Genoveva Galarza. The platform has a corporate carpool community of over 12,900 registered users from more than 70 companies and is facilitating an average of 45 new carpools a day on weekdays in Hyderabad. rideIT has a team of six. The company raised $110K in funding from an unnamed investor and intends to use the funds to expand operations.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2016