By Jon Russell
Founded in 2010, Ridlr operates as a personal transport portal that allowed users buy tickets for public transport in 17 Indian cities and also monitor traffic congestion using IOT devices. The company had raised over $6 million from investors that include Qualcomm Ventures, Times Internet, Matrix Partners (which is also an Ola backer.)
Ola isn’t saying too much about how it plans to use Ridlr other than that the deal will “bring new technology and mobility options as [Ola] works to expand into and partner with cities in India and abroad.” The company already offers a range of ride-sharing options, bike-sharing, food deliveries and a mobile wallet, but it plans to give more color on the proposed new services in the next month or so.
In its deal scoop, Mint claimed Ridlr will help improve Ola’s navigation and potentially see it add …read more
Source: Tech Crunch