With this acquisition, Carzonrent is entering into the ride-sharing business. It is expected to be 75% of the company’s total business in the next five years.
“The biggest opportunity in personal ground transportation in coming years, will be in building a shared ecosystem- help car owners to use their assets with others. Ridingo helps us get there,” says Rajiv K Vij, MD & CEO, Carzonrent.
Ridingo’s mobile app platform connects car owners to people looking for a ride. The company claims that it has about 8,500 registered users in Bangalore and enables an average of 400 trips per day.