EasyTaxi Raises $10 Million From Rocket Internet and African Internet Holding

Posted Jul 24, 2013

EasyTaxi is a taxi booking startup that is based in Brazil and is backed by German incubator company Rocket Internet.  EasyTaxi has raised $10 million in funding as part of a plan to expand further into Asia along with Africa and the Middle East.  EasyTaxi expanded into Nigeria today already.

This round of funding was provided by Rocket Internet and African Internet Holding.  Last month, EasyTaxi raised $15 million from Latin America Internet Holding.

EasyTaxi’s app has hit 1.5 million downloads thus far.  Over 45,000 tax drivers are in their network.  EasyTaxi will be launching in more African countries in the next few weeks.  EasyTaxi is active in Argentina, Brazil, Chile, Colombia, Ecuador, Malaysia, Mexico, Pakistan, Peru, South Korea, and Venezuela as of right now.

Users can confirm their pickup point and can order a cab just by tapping a button.  EasyTaxi competes against companies like Uber.