Easy Taxi, a mobile taxi app in Latin America, Africa, Middle East and Asia, secured $40m in Series D funding.
The round was led by the Russian Phenomen Ventures with participation from Tengelmann Ventures.
The company intends to use the funds to continue to grow in existing markets, advance the technology, scale operations and improve service towards more audiences and geographies.
Founded in São Paulo in 2011 and led by Dennis Wang and Tallis Gomes, Easy Taxi provides a mobile taxi app, connecting drivers and passengers. The company, which was launched by Rocket Internet, currently operates in 32 countries and 162 cities worldwide.
How it works
Passengers download the app, available for iOS, Android, Windows Phone and BlackBerry devices, confirm their pickup point and order a cab. They will receive confirmation of the name, photo and car model/plate of their pre-screened taxi driver, and will be able to follow the vehicle’s location in real-time. Options like in-app payment, corporate accounts, favorite addresses, selection of service features, special discounts, passenger-driver messaging and ride history are available according to location.
FinSMEs
29/07/2014