Easy Taxi Secures $40M in Series D Funding

Funding Rounds

Summary

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.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.

$ Funding

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Amount $40.0M Total raised
Date July 29, 2014 Announcement date
Investors Phenomen Ventures, Tengelmann E-Commerce Beteiligungs Lead investors
Company http://www.easytaxi.com Funded company

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