31 Jan '13, 8am

[email protected], an online carpooling service, gets USD 50K from Kickstart Ventures

.@TripidPH, an online carpooling service, gets USD 50K from Kickstart Ventures

Tripid.ph, an online carpooling service, gets USD 50K from Kickstart Ventures January 31, 2013 by Terence LEE Philippine startup Tripid.ph has announced today that it has received USD 50K in investment from Kickstart Ventures , a seed stage fund that is a wholly-owned subsidiary of Globe Telecom. Tripid.ph is a peer-to-peer carpooling website — users can post rides or join one on its website by searching for their current location and destinations they’re interested in. They can also ‘follow’ routes and be notified when a ride becomes available. The service promises that its trips are cheaper than taking a cab in Metro Manila. Minette Navarrete, president of Kickstart Ventures, told the Bobbery that it invested in Tripid because of its bold ideas, great team, and solid execution. “The beauty of Tripid is that it reminds us that sometimes, the solution isn’t about adding in...

Full article: http://sgentrepreneurs.com/2013/01/31/tripid-ph-an-online...

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