Ride-Hailing Apps/News/Discussion
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If you believe in tripadvisor, good luck to you.
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Published July 30, 2014Easy Taxi raises another US$40m
EASY Taxi, a mobile taxi-booking application introduced here last December, has raised US$40 million in Series D funding for growth in Asia and Latin America - PHOTO: SPH
EASY Taxi, a mobile taxi-booking application introduced here last December, has raised US$40 million in Series D funding for growth in Asia and Latin America.
Series D, in venture capital (VC) terms, refers to the fourth stage in the financing cycle for start-ups. It follows Series A, B and C in this order, and is usually quite significant in sum.
This takes total funding to-date to some US$100 million for the app, founded three years ago in Brazil. Today, it is available in 33 countries across Asia, Latin America, the Middle East and Africa.
The latest funding is led by new investor Phenomen Ventures - a US$300 million Russian VC firm - with participation from Tengelmann Ventures, the venture arm of German retail group Tengelmann.
"First off, we are thrilled with this news since it clearly shows the confidence new investors have in Easy Taxi. This also means there is high expectation for us to continue our great performance," Jianggan Li, co-founder and managing director of Easy Taxi Singapore, told The Business Times.
Mr Li said the money will allow the company to invest more in key areas such as people, product improvement, big data analytics and partnerships. "More importantly, it will allow us to expand even more in the region (Asia)."
What this ultimately means to Singapore Easy Taxi passengers and drivers is a better travelling experience, said Mr Li.
Corporate solutions, cashless payment, a revamped app and an integrated lifestyle portal are some of the new features users can look forward to. Just two weeks ago, Easy Taxi partnered WeChat to let users book taxis - from any of the seven taxi operators here - directly via the messaging app.
To attract users, Easy Taxi is offering passengers a S$5 discount on taxi fares, and taxi drivers an additional S$1 in earnings for every booking made through WeChat, till tomorrow.
"The promotion has been very well-received; response has been overwhelming. We receive thousands of booking requests on a daily basis," claimed Mr Li.
Since the partnership with WeChat was announced, Easy Taxi has also seen significant growth in its WeChat following, engagement and usage, and says it will follow up with a new campaign to keep the momentum going. It claims to now have some 185,000 drivers in its network, and complete "millions of rides" monthly across 160 cities in 30 countries worldwide.
In comparison, GrabTaxi, another taxi-booking player in Singapore, says it is the second largest taxi network here, with 270,000 users per month and 1.5 million downloads across six Asian countries since its launch in 2012. It declined to reveal exact fleet and ride figures.
GrabTaxi, backed by Temasek's Vertex Venture Holdings, has also secured more than US$25 million in VC funding, including a US$15 million Series B sum and an undisclosed "eight-figure" Series A sum in the past two years.
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Russian VC? Wash black money lah. Bo collect levy + give out free money? Earn smlj?
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If take taxi of course CDG best lah. If I take taxi I also choose CDG. Lowest flag down and slowest meter. Because I also cheapo pax. Lol
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Originally posted by hammerhammer8888:
If take taxi of course CDG best lah. If I take taxi I also choose CDG. Lowest flag down and slowest meter. Because I also cheapo pax. Lol
Huh...
Zhun Bo? Than how come cdg driver can earn more?
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Chun lah, that is why cdg meter never stop running one..but drive like a workhorse non stop...smlj pax also take...lols.
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"If take taxi of course CDG best lah. If I take taxi I also choose CDG. Lowest flag down and slowest meter. Because I also cheapo pax. Lol " Si meh? maybe other cabs see u, dun want to take u?
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Tia gong very easy to get cdg $20 voucher...
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"Easy Taxi partnered WeChat to let users book taxis - from any of the seven taxi operators here - directly via the messaging app."
I use WeChat to find piak piak leh.....
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Originally posted by Redxx:
Tia gong very easy to get cdg $20 voucher...
Increase to $30 liao lah, still $20 meh, go airport also not enough. -
Originally posted by Redxx:
Tia gong very easy to get cdg $20 voucher...
Ya lah my wife always have one. Lol
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For normal, it is $20, if direct go there knock table, $30
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Uber please.
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Coming.
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How much?.....
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actually i have a question. do you guys know about any taxi apps which help you find street hires? not the booking type?
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Originally posted by Keepthechange666:
How much?.....
Coming $8 advance booking ....as for Cumming...free -
Originally posted by Molobok:
actually i have a question. do you guys know about any taxi apps which help you find street hires? not the booking type?
Most of us got no time for apps, go police stations, find roads, tackle unreasonable pax and look out for danger on the road +++ many street paxs to pick,..where got time to play with apps?? tia kong in next 5 years, apps will be history...that is how fast our technology going to change... -
stickied
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What are leading Apps here ? Grab Taxi or Easy Taxi ? So far haven't heard any Citycab / Comfort TD use such apps, if anyone use, mind to share compare ?
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Preferably staying nearby Toh Yi, Toh Tuck, Jalan Jurong Kechil, or Condo off Bukit Timah/Hillview area where I can drive to park in your area to pick up Taxi.
I'm currently a super relief for Citycab & Comfort's Limo (Merz) driver. I'm non smoker with over 20 years of driving experience. Thanks.Wong, 90678087
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Dear Cabbies
As of today, despite the stiff competition from our competitors, we are clocking 2 million more jobs as compared to the same period of last year!
We target to achieve the 35 million-mark by end of the year. This challenging milestone would be made possible by the continuous strong support from YOU!
Thank you once again and looking forward to your continuous support in our booking jobs.
Ngoi Poh Keng (Ms)
VP, Customer Contact Centre
致康�德高德士师傅
感谢您�
截至今天，尽管在激烈的行业竞争下，与去年å�Œæ—¶æœŸç›¸æ¯”，我们的电å�¬æ€»æ•°å¢žåŠ 了200万通ï¼�
æˆ‘ä»¬ä»Šå¹´çš„ç›®æ ‡æ˜¯å®Œæˆ�3500万电å�¬æ€»é‡�。 å�ªæœ‰ä½ 们的大力支æŒ�， 我们æ‰�èƒ½å®žçŽ°è¿™å……æ»¡æŒ‘æˆ˜çš„ç›®æ ‡ï¼�
å†�次感谢您, å�Œæ—¶æˆ‘们期待您能继ç»æ”¯æŒ�电å�¬ 。
é�å®�ç�´
副总�
客户è�”络ä¸å¿ƒ -
Thank you is a very easy phrase out of anybody mouth. It is only a courtesy word the warm the heart in retrorespect, nothing physical. Since Ms Ngoi, VP of customer contact centre, have openly appreciate in word to cabbies for their contribution and expect them to contribute more, why not give them few day free rentals or fuel voucher?? Thank you I also can said ...thank you...thank you...knn
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