Series B · Mobility
Quick Ride raises ₹100.78 crore Series B
Naspers, Sequoia India and Venture Highway back the carpooling platform.
Quick Ride raised ₹100.78 crore in Series B funding from existing investors Naspers, Sequoia India and Venture Highway, according to an April 24, 2019 Inc42 report based on regulatory filings and a founder interview. Sequoia India is now known as Peak XV Partners.
The filings covered equity and preference shares. Naspers executive Ashutosh Sharma joined the board, while Venture Highway’s Priya Mohan became a board observer.
At the time, Quick Ride operated across major Indian cities, with Bengaluru its largest market. Co-founder KNM Rao said the app facilitated about 60,000 daily rides, including roughly 7,000 bike-pooling trips.
Funding history
Series B · This round₹1B