Taxi app company gets new funding
Play
Easy Taxi, a mobile taxi app in Thailand, has tapped additional investment of US$40 million (approximately Bt1.28 billion), which will be used to boost its operations.
The company targets one million downloads in Thailand this year. The additional fund will be used to boost brand awareness, develop business operations in the country, and recruit new drivers.
“In the past year we have built a strong base of quality drivers and passengers, both of which contributed to 40 per cent monthly growth in the amount of rides we have served the good people of Bangkok," said Nattapak (Nat) Atichartakarn, CEO of Easy Taxi Thailand.
"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. We will invest to scale our operations, double the rate of driver acquisition, triple the amount of passengers, and most importantly to continue to deliver excellent service to both drivers and passengers who rely on Easy Taxi as their preferred method of connecting."
Easy Taxi, which also operates in Latin America, Africa, Middle East and Asia, secured the $40 million funding from investors led by the Russian Phenomen Ventures with participation of Tengelmann Ventures, the investment company of Germany’s multi-sector retailer Tengelmann Group.
