TPL Corp’s Rider raises seed funding of $3.1mn for its business

News Image

MG News | June 22, 2022 at 10:04 AM GMT+05:00

0:00

June 22, 2022 (MLN): The Rider, in which TPL E-Ventures, a wholly-owned subsidiary of TPL Corp Limited as it owns around 27% stake has successfully raised seed funding of $3.1 million for its business.

This seed funding round includes investment from YCombinator, i2i Ventures, Flexport, Soma Capital and Rebel Fund.

Existing investors including Global Founders Capital, Fatima Gobi Ventures and TPL E- ventures and the funding in aggregation to a pre-seed round raised in September 2021 takes the total valuation of Rider to $ 40 Million.

In a notice to Exchange, TPL Copr said that the fund will be used for the further investment in refining the product, largely through a strengthening of Rider’s technology which will improve the user experience.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 165,853.07
604.43M
1.25%
2046.86
ALLSHR 100,944.76
1,244.77M
1.10%
1098.96
KSE30 50,728.15
292.13M
1.21%
604.30
KMI30 240,498.02
104.78M
0.82%
1967.51
KMIALLSHR 66,404.61
567.82M
0.77%
506.51
BKTi 47,514.06
202.35M
2.44%
1133.09
OGTi 32,258.62
9.84M
1.26%
401.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 110,895.00 111,850.00
107,690.00
4220.00
3.96%
BRENT CRUDE 61.14 61.55
60.68
-0.15
-0.24%
RICHARDS BAY COAL MONTHLY 80.50 0.00
0.00
-1.50
-1.83%
ROTTERDAM COAL MONTHLY 93.20 0.00
0.00
0.20
0.22%
USD RBD PALM OLEIN 1,085.00 1,085.00
1,085.00
0.00
0.00%
CRUDE OIL - WTI 57.00 57.43
56.57
-0.15
-0.26%
SUGAR #11 WORLD 15.69 15.71
15.51
0.19
1.23%

Chart of the Day


Latest News
October 20, 2025 at 02:46 PM GMT+05:00

Samba Bank’s nine-month profit drops 38%


October 20, 2025 at 12:53 PM GMT+05:00

OICCI members contribute Rs2.7tr in taxes


October 20, 2025 at 12:29 PM GMT+05:00

Oil slides on weak demand outlook, rising inventories


October 20, 2025 at 12:04 PM GMT+05:00

Gold price in Pakistan falls Rs1,400 per tola



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg