GetTaxi Raises $12 Million

Posted Aug 8, 2013

GetTaxi is a tax-hailing mobile application that has raised $12 million in funding.  GetTaxi has raised a total of $42 million thus far.  This round of funding was led by Kreos Capital.

GetTaxi is also expanding to New York City with a fleet of black cars (known as G-Cars).  GetTaxi will expand to yellow and green cabs soon.  GetTaxi is used by over 1 million people and has around 1,500 corporate clients.  GetTaxi is available in 20 cities and is profitable in 16 of them.

?We are incredibly excited to be launching GetTaxi in New York, and to be rolling out our launch with hundreds of G-Cars, which have been made possible with our black car fleet partners,? stated GetTaxi CEO Jing Herman.  ?The first pain point we plan to solve is the afternoon shift change predicament, and we intend to become the go-to car service app for all New Yorkers.?