Easy Taxi, a mobile taxi app in Latin America, Africa, Middle East and Asia, has secured USD 40m 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.
Dennis Wang, co-CEO at Easy Taxi: “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.”
“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,” says Tallis Gomes, co-CEO.
Easy Taxi was founded in Brazil in 2011. It currently operates in 32 countries and 162 cities worldwide. Earlier, it had secured USD 5 million in Series A, USD 15 million in Series B, USD 10 million in Series C and USD 7 million in an unknown round. Till date, including this round, the company has received a total funding of USD 77 million.
To contact the author, email at email@example.com.Category Business Investments