Rida Overview

  • Year Founded
  • 2020

Year Founded

  • Status
  • Private

  • Employees
  • 29

Employees

  • Latest Deal Type
  • Accelerator/​Inc

  • Investors
  • 10

Rida General Information

Description

Developer of a fleet management platform designed to optimize instant and scheduled deliveries. The company's platform uses batching and routing algorithms to allocate orders and provides real-time tracking, flexible scheduling and multi-carrier support for cost-effective deliveries, enabling merchants, marketplaces, and cloud kitchens to transform the delivery process with increased driver availability and improved operational efficiency.

Contact Information

Website
www.rida.ai
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 6A Shenton Way, OUE Downtown Gallery
  • Level 04, Unit Number 01
  • Singapore, 068815
  • Singapore
Primary Industry
Business/Productivity Software
Other Industries
Media and Information Services (B2B)
Logistics
Vertical(s)
SaaS, Artificial Intelligence & Machine Learning, Supply Chain Tech
Corporate Office
  • 6A Shenton Way, OUE Downtown Gallery
  • Level 04, Unit Number 01
  • Singapore, 068815
  • Singapore

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Rida Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Accelerator/Incubator Completed Generating Revenue
5. Accelerator/Incubator Completed Generating Revenue
4. Early Stage VC 20-Sep-2023 Completed Generating Revenue
3. Seed Round 14-Sep-2021 Completed Generating Revenue
2. Accelerator/Incubator 03-Aug-2021 $150K $150K Completed Generating Revenue
1. Accelerator/Incubator Completed Generating Revenue
To view Rida’s complete valuation and funding history, request access »

Rida Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Pre- A
Seed
To view Rida’s complete cap table history, request access »

VC Exit Predictor

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Opportunity Score

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Rida Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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Rida Investors (10)

Investor Name Investor Type Holding Investor Since Participating Rounds
iSeed (India) Venture Capital Minority
Angel (individual) Minority
Acequia Capital Venture Capital Minority
Basis Set Ventures Venture Capital Minority
Hustle Fund Venture Capital Minority
You’re viewing 5 of 10 investors. Get the full list »

Rida Acquisitions (1)

Rida’s most recent deal was a Merger/Acquisition with DLVRD. The deal was made on 01-Jun-2023.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
DLVRD 01-Jun-2023 Merger/Acquisition Logistics
To view Rida’s complete acquisitions history, request access »

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Rida FAQs

  • When was Rida founded?

    Rida was founded in 2020.

  • Where is Rida headquartered?

    Rida is headquartered in Singapore, Singapore.

  • What is the size of Rida?

    Rida has 29 total employees.

  • What industry is Rida in?

    Rida’s primary industry is Business/Productivity Software.

  • Is Rida a private or public company?

    Rida is a Private company.

  • What is Rida’s current revenue?

    The current revenue for Rida is .

  • How much funding has Rida raised over time?

    Rida has raised $4.42M.

  • Who are Rida’s investors?

    iSeed (India), , Acequia Capital, Basis Set Ventures, and Hustle Fund are 5 of 10 investors who have invested in Rida.

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