Tripda announced it is shutting down its long - distance ride - sharing platform , a year after securing $ 11 million in Series A funding from private Internet and other investors . The service , with its headquarters in Sao Paulo , was dedicated to connecting people to reduce long - distance travel costs ; in its time reached over a million travellers across 13 countries ( including Brazil and the US ) . An quote from the company ’s statement reads : “ … despite the success of our community , our operating costs became too high , and we had to reassess our prospects . Given the inherent challenge of funding our operation as it continues to grow , we realized it was time to bring our ride to an end , discontinuing the Tripda platform as it is today . "
Tripda announced it is shutting down its long-distance ride-sharing platform, a year after securing $11m in Series A funding from Rocket Internet and other investors. The service, with its headquarters in Sao Paulo, was dedicated to connecting people to share long-distance travel costs; in its time reached over a million travellers across 13 countries (including Brazil and the US). An excerpt from the company’s statement reads: “…despite the success of our community, our operating costs became too high, and we had to reassess our prospects. Given the inherent challenge of funding our operation as it continues to grow, we realized it was time to bring our ride to an end, discontinuing the Tripda platform as it is today."