$1Mfor 10%
Protein Candy
Valued at $10M
HiRide
Akshat Soni, Shivani Sharma, Lors Kushtov, Keerthi Ravichandran
Waterloo, ON
ClosedSeason 13, Episode 12
The pitch
Akshat Soni, Shivani Sharma, Lors Kushtov, Keerthi Ravichandran from Waterloo, ON, pitched HiRide in Season 13, Episode 12, asking the Dragons for $25K for 25% of the company.
- Asked for$25K for 25%
- Valuation$100Kimplied by the ask
- OutcomeDealwith Jim Treliving
- Final deal$25K for 25%valued at $100K
Offers in the Den
| Dragon | Offer | Result |
|---|---|---|
| Lane Merrifield | Felt it was too early for investment | Out |
| Michele Romanow | Praised capital efficiency but declined to invest | Out |
| Vincenzo Guzzo | Felt the product side was iffy | Out |
| Arlene Dickinson | No offer made, encouraged them to keep going | Out |
| Jim Treliving | $25,000 for 25% as asked | Accepted |
Akshat Soni, Shivani Sharma, Loris Kushtov, and Keerthi Ravichandran, students from Waterloo, Ontario, pitched HiRide, a carpooling app for students with safety tracking features including a trackable URL for emergency contacts and driver verification through insurance and licence checks. They asked for $25,000 for 25%. The app had launched five days before the pitch, with over 500 users and more than 150 rides posted, built from admin access to Facebook carpooling groups with 30,000 to 40,000 members. The founders had invested $1,500 of their own money, charge a 7% service fee per seat, and planned to add a $5 monthly membership option.
Lane Merrifield, Michele Romanow, Vincenzo Guzzo, and Arlene Dickinson all declined to invest, citing the very early stage of the business. Jim Treliving offered the full $25,000 for 25% as requested, which the founders accepted.
Pitch details from CBC’s Dragons’ Den pitch page.
HiRide today
- StatusOut of businessLast checked September 2026
HiRide appears to have closed. Its products may no longer be available.