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On-demand cab hailing app, Easy Taxi, has raised $40 million in funding

By Michio Hasai1 min readGoogle News

Easy Taxi, Rocket Internet‘s mobile-based on demand taxi hailing company, has raised $40 million in Series D funding led by Phenomen Ventures, with participation from Tengelmann Ventures. The Brazil-based company will use this new capital to expand its service in existing markets, improve its technology and also to scale operations. Users of Easy Taxi will be able to hail a taxi by pressing a button in the app. Once a taxi is requested, the nearest taxi details will be sent to the user.

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