GetTaxi has transformed the London taxi experience and success in the UK market has led to additional investment for launch in New York market
The successful entry of Israeli startup GetTaxi, the free taxi ordering app which allows London based consumers and businesses to easily order a black cab from their smartphone, has captured the attention of investors worldwide. The company has announced it has secured £13 million in follow-on funding, making GetTaxi’s total investment £20 million to date.
The latest £13 million of funding is a follow-on investment by Len Blavatnik’s Access Industries, a global industrial and investment firm which owns Warner Music and other companies, with participation by company founders Shahar Waiser and Roi More.
The investment follows GetTaxi’s successful entry into the London market in the last year, and the new funds will support a New York City launch. In the short space of time since its launch, GetTaxi has cemented itself as one of the key players in the UK taxi market.
Shahar Waiser, Founder and CEO of GetTaxi comments: “GetTaxi’s vision is to change the industry in such a way that taxis will be affordable for everyone, and available in less than a minute. This will make GetTaxi the preferred choice for getting around the city. We are confident that the GetTaxi phenomenon will spread fast and wide and we plan to be available in all major taxi markets around the world very soon.”
Founded in 2010, GetTaxi has live operations in UK, Russia, and Israel, which together represent a £10 billion annual market potential.
GetTaxi gives people a quick and easy way to order a taxi from their Android, iPhone, Blackberry devices or web. GetTaxi’s drivers are equipped with a dedicated “plug-and-ride” driver unit which allows them to minimise wasted cruising time, make more money, and also crowd source jobs for each other. GetTaxi is the only player that enables payment by credit card, voucher or enterprise account.