Birds Eye Systems owned public transport information app Ridlr has raised $6 million in series B funding by Times Internet* as well as existing investors Matrix Partners India and Qualcomm Ventures. Venture debt provider Innoven Capital also participated in this round. The new round of funding will be used for scaling up public transport ticketing in cities, growing user base, as well as hiring across key roles. The app provides real time bus, metro and rapid metro schedules for a given city. It also helps users locate the nearest bus stop or metro station and allow them to download time-tables to their phones for offline use. Another hyperlocal app that compete in this category of service include m-Indicator which works with Mumbai locals, metros etc and has features like auto/taxi fares, women safety, emergency numbers etc. Also Read: Traffline’s Ridlr app looks to answer questions on traffic before you step out At the time of launch in April last year, the app went live in Delhi, Bangalore (Metro and BMTC), Chandigarh (CTU), Jaipur (JCTSL), Pune (PMPML and local trains), Mumbai (BEST, TMT, NMMT, KDMT, MBMT, central/western/harbour railways, metro and monorail), Chennai (southern railways and MTC buses) and Ahmedabad (AMTS, Janmarg BRTS). Currently the company claims that Ridlr is available across 24 Indian cities, with over 2 million registered users. Bus ticket bookings: In January, Ridlr was running a pilot in partnership with Navi Mumbai Municipal Transport (NMMT) wherein users were able to pay for bus fares via the app. Currently,…
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