Birds Eye Systems, the India-based operator of public transport tracking app Ridlr, has raised $6m in a series B round led by media company Times Group, Tech in Asia reported yesterday.
The round also featured mobile chip maker Qualcomm, venture capital firm Matrix Partners and debt financing from Innoven Capital. Times Group participated through its internet and e-commerce division, Times Internet.
Ridlr enables users to track and book tickets for public transport across 14 Indian cities, and Mumbai residents can use it to recharge their Mumbai Metro railcards. The funding will go to product development, with a view to making financial transactions easier.
Birds Eye previously raised an undisclosed amount of series A capital from Qualcomm and Matrix Partners in 2014, after securing seed funding from Matrix and Indian Angel Network the year before.