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

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	170,447.30 475.39M	-0.17% -294.05
ALLSHR	102,982.88 1,173.30M	-0.19% -193.32
KSE30	51,831.63 203.62M	-0.19% -100.47
KMI30	244,113.60 135.80M	-0.60% -1472.20
KMIALLSHR	67,176.62 604.35M	-0.53% -355.23
BKTi	46,076.74 115.84M	0.89% 404.61
OGTi	33,962.36 11.67M	-1.09% -374.70

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	87,190.00	87,995.00 85,365.00	1205.00 1.40%
BRENT CRUDE	59.28	60.40 59.18	-1.28 -2.11%
RICHARDS BAY COAL MONTHLY	91.00	0.00 0.00	1.15 1.28%
ROTTERDAM COAL MONTHLY	95.75	0.00 0.00	-0.15 -0.16%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	55.55	56.70 55.42	-1.27 -2.24%
SUGAR #11 WORLD	15.02	15.07 14.86	0.07 0.47%