4 years ago

Ryde Secures £2.5 Million Seed Funding to Revolutionize Last-Mile Delivery

  • London-based last-mile delivery platform Ryde has raised £2.5 million in a seed funding round led by Forward Partners and Triple Point

  • The company, which pivoted from its original events sector focus during the pandemic, will use the funds to expand its integrated delivery management system and further its "rider first" philosophy.

      • ProblemTechnology

      "making it difficult for businesses to manage last-mile delivery, especially in a hyperlocal context. This can lead to inefficiencies, delays, and a poor experience for both businesses and customers. The current system also makes it difficult for gig workers to find consistent work and manage their earnings."

      Solution

      "Ryde is a SaaS platform that provides a one-stop solution for last-mile delivery. It allows businesses to manage their own pool of workers, as well as access an outsourced pool of thousands across the UK. The platform also offers a rider app that helps workers to map earnings and routes more effectively. Ryde's focus on rider wellbeing and its 'rider first' philosophy sets it apart from competitors."

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