The deal reportedly amounted to $10m.
The company intends to use the funds to build out the infrastructure to scale the platform.
Led by Sunil Paul, founder and CEO, and Jahan Khanna, CTO, Sidecar is building a transportation network with pre-vetted drivers. The company’s safety system includes driver background checks, driver and rider rating systems, GPS tracking features and the ability to share details of a trip in real-time.
Founded in 2012, it currently operates in ten cities and has facilitated more than half a million rides. The app is availble for iOS and Android.
Investors in the company also include Lightspeed Venture Partners and Google Ventures.