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

News Image

By 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 133,630.87
161.63M
0.20%
260.72
ALLSHR 83,323.87
582.77M
0.29%
242.72
KSE30 40,757.85
61.20M
0.13%
52.55
KMI30 192,624.01
69.74M
0.02%
43.33
KMIALLSHR 55,908.48
347.06M
0.13%
72.77
BKTi 36,503.13
10.04M
0.51%
185.96
OGTi 28,528.00
7.08M
-0.05%
-14.96
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,780.00 108,880.00
107,680.00
325.00
0.30%
BRENT CRUDE 69.47 69.53
69.03
-0.11
-0.16%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.90
3.07%
ROTTERDAM COAL MONTHLY 106.00 106.75
106.00
0.25
0.24%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 67.73 67.97
67.40
-0.20
-0.29%
SUGAR #11 WORLD 16.25 16.46
16.07
-0.13
-0.79%

Chart of the Day


Latest News
July 08, 2025 at 12:04 PM GMT+05:00

Saudi Riyal available at PKR 76.4 in open market


July 08, 2025 at 11:55 AM GMT+05:00

NBP leads Pakistan’s banks in shareholder value surge


July 08, 2025 at 11:39 AM GMT+05:00

Pakistan-Afghanistan railway talks progress


July 08, 2025 at 10:42 AM GMT+05:00

Pakistan moves to regulate crypto with PVARA approval



Top 5 things to watch in this week

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