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Tuesday, 29 July 2014

Easy Taxi raises $40m from new investors

Easy Taxi, a leading mobile taxi app in Latin America, Africa, Middle East and Asia, secured $40million in Series D funding led by the Russian Phenomen Ventures with participation of Tengelmann Ventures, the investment company of Germany’s multi-sector retailer Tengelmann Group.

The confidence new investors put into the world’s farthest-reaching taxi app is a testament to Easy Taxi’s successful expansion during the past year and its leadership position across multiple markets.

Dennis Wang, co-CEO at Easy Taxi said that “We are very proud to have secured this new round of funding, which will allow us to continue our growth trajectory in existing markets, advance our technology, scale our operations and improve our service towards more audiences and geographies. In particular, the expertise of our new investors aligns with our ambition to further increase our market share in Asia and consolidate our leadership in Latin America.”

“We are very proud to have secured this new round of funding, which will allow us to continue our growth trajectory in existing markets, advance our technology, scale our operations and improve our service towards more audiences and geographies. In particular, the expertise of our new investors aligns with our ambition to further increase our market share in Asia and consolidate our leadership in Latin America,” Dennis Wang, co-chief executive officer (CEO) at Easy Taxi, said.

“In the last year we were able to add over 150,000 drivers to our network, bringing it now to around 185,000. We complete millions of rides per month across 160+ cities in 30+ countries worldwide, and the additional funding will enable us to continue working towards our mission of making the traditional taxi industry function in a much more convenient and safe way than it ever has,” said co-CEO Tallis Gomes.


Set on a scenic plateau more than 1,500 metres above sea  level on the Oshie Ridge of the Sankwala Mountains in the south-east of Nigeria, the Obudu Mountain Resort boasts a number of exciting, rare features together with Africa’s longest cable car ride – 34 cars, each carrying eight people, climbing up through the clouds for four spectacular kilometres. Just 70 km from the border with Cameroon, the cable car stretches from deep tropical rainforests of “bottom hill” to the summit where you’ll find world-class tourist attractions that are popular with vacationers, adventurers and event planners from all around Nigeria and Africa – and beyond. Equally exhilarating is the drive up to the resort – especially the last ten kilometres of winding road with 22 bends, including the famous Devil’s Elbow and its dramatic, stomach-lurching views. Whichever way you arrive, you will find water parks, trekking, a gym, floodlit tennis courts, a squash court and 9-hole golf course, nature trails, canopy walkway, waterfalls, a hotel and eco-tourism huts.

1 comment:

  1. Innovation rules the world. I'm not quite impress with the system put in place by Easy Taxi. My experience with them have been great so far

    ReplyDelete