Ryde presently counts over 10,000 monthly active drivers in their network. It aims to capture 30% of the ride-hailing market in Singapore by 2023, a sector currently dominated by Grab and Gojek.
Singapore-based ride-hailing app Ryde is planning a $200 million listing on the Singapore Exchange (SGX) Catalist board in 2022, announced the company on March 8.
The announcement comes on the back of Ryde turning profitable in 4QFY2020 as Gross Transaction Value (GTV) increased four times during the pandemic, says the company. Ryde also saw its user count grow 30% y-o-y in this time.
