Inshur

Taxify new hope

Momo11

Well-Known Member
LOOOOOLLLL
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uberak

Well-Known Member
They will pay the difference but for how long?

They will have to blow few hundred million.

And how sustainable will that be time will tell.
 

renod babek

Well-Known Member
I
The current "Taxify" management team may disappear in the future.

But the Chinese aren't mugs and are unlikely to walk away from their investment.

Remember this Chinese Company seen off Uber in China.

They are not to be taken lightly
ts an undisclosed amount. I don't think it will be much. Not to those with deep pockets.
Maybe the Chinese will take these over in the future. I don't doubt this.
 

UberLuxbod

Well-Known Member
Moderator
I hope some of the same Uber drivers that games the DrivR shift guarantee scheme and still worked on Uber Exec do the same to Taxify.

Cash fare £5

£5 from Taxify.

Do that 20 times a night and all you pay of commission on £5.

Bargain.

Worth signing up just to eat some of their cash.

I

ts an undisclosed amount. I don't think it will be much. Not to those with deep pockets.
Maybe the Chinese will take these over in the future. I don't doubt this.

They already had €2 million prior to the Chinese investment.

So it must have been significantly more than that.

I reckon a minimum of £10millon
 

Anon2014

Well-Known Member
The current "Taxify" management team may disappear in the future.

But the Chinese aren't mugs and are unlikely to walk away from their investment.

Remember this Chinese Company seen off Uber in China.

They are not to be taken lightly
Uber in China is a different case to Uber in London. China is a difficult market for any non-chinese to penetrate and the state plays a very important role there.
 

renod babek

Well-Known Member
I hope some of the same Uber drivers that games the DrivR shift guarantee scheme and still worked on Uber Exec do the same to Taxify.

Cash fare £5

£5 from Taxify.

Do that 20 times a night and all you pay of commission on £5.

Bargain.

Worth signing up just to eat some of their cash.



They already had €2 million prior to the Chinese investment.

So it must have been significantly more than that.

I reckon a minimum of £10millon
I won't speculate how much.
China’s Didi invests in Taxify, an Uber rival operating in Europe and Africa
BY JON RUSSELL
Aug 1, 2017


Didi Chuxing, the ride-sharing company that forced Uber out of China, has expanded its increasingly global empire after it made an investment in Taxify, an Uber-like service that operates in Europe and Africa as it prepares to launch in London later this year.

The amount invested has not been disclosed but TechCrunch understands from a source close to the deal that it is an eight-figure U.S. dollar sum. We are trying to get a more specific number.

Four-year-old Taxify is headquartered in Estonia — three of its founders are ex-Skype — and today it operates in 18 countries, including Hungary, Romania, South Africa, Nigeria and Kenya. While much of its business has been in emerging markets, the company is planning for an expansion to London later this year. Taxify claims 2.5 million users and its services span private cars and licensed taxis, which puts it squarely into the ‘Uber Rival’ box.

That’s a cause that Didi knows well — and is prone to putting money towards helping.

Aside from buying Uber China’s business to consolidate its dominant position at home, Didi has expanded its network with a series of global expansion partnerships. In addition to high-profile investments in Lyft, India’s Ola and Grab in Southeast Asia — the latter of which just landed $2 billion from Didi and SoftBank — it is in South America via a $100 million investment in Brazil’s 99.


Now we can add Europe to that list because, interestingly, Didi hadn’t backed an Uber rival in the region until this news.

Didi CEO Cheng Wei said that the investment, which includes a strategic partnership, will help link up transport services in Asia with those in Europe and Africa. Didi, which claims 400 million users across a variety of services in China, said it will help Taxify to grow its presence in its regions — where it claims to be second to Uber — and to develop smarter products.

The alliance will certainly be a boost since, unlike most others in the subsidization-heavy ride-hailing space, Taxify has raised a relative modest €2 million ($2.4 million) from investors to date. That’s likely to change now it has the world’s second-highest valued private tech company in its corner.
 
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