Sidecar Raises $15M in Funding

sidecarSidecar, a San Francisco, CA-based ride-sharing startup, raised $15m in funding.

Backers included existing investors Avalon Ventures and Union Square Ventures and new investor Sir Richard Branson.

The company intends to use the funds for nationwide expansion.

Co-founded by CEO Sunil Paul and Jahan Khanna CTO, Sidecar is a ride app that connects drivers with people nearby for rides. In May 2014, the company, which competes with services such as Uber, introduced Shared Rides, which matches people with a nearby rider heading the same direction and cuts the cost in half.
It is currently available in ten markets in the U.S.

Sidecar is currently hiring.



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