South Africa-based ride-sharing startup Jumpin Rides has announced that they raised $US137,000 through various local and international investors.
The startup which was founded in August 2016 by Pauline du Paty, Romain Diaz and Antoine Paillusseau aims to provide South African with a new way to commute. Jumpin Rides is a part of the Far Ventures Portfolio.
Jumpin Rides links drivers with spare seats to passengers that are going the same way and are ready to contribute to petrol costs.
Far Ventures invested the first capital in Jumpin Rides along with their management team to set up the product and the initial traction for the carpooling startup.
Currently, the ride-sharing platform has more than 10,000 users. Of that number, around 25% are drivers while 75% are passengers.
Pauline du Paty, the co-founder and managing director of the ride-sharing startup said that they are thrilled to welcome experienced entrepreneurs and investors on board to support their vision.
She added that they are looking forward to taking the startup to the next level by investing the money into launching mobile apps as well as online and offline marketing.
Jumpin Rides is also looking into other African markets that are in need of peer-to-peer ride-sharing platforms like Jumpin Rides.
