Brief: Didi invests in European ride-hailing startup Taxify

Taxify ride-hailing mobile app

Photo credit: Taxify.

The news:

  • Chinese ride-hailing giant Didi Chuxing has partnered with Estonia-based ride-hailer Taxify, the two companies announced today.
  • Through the deal, Didi will invest in Taxify “to support the latter’s further growth and innovation across its diversified markets,” according to a press release. The investment amount is not specified.
  • Taxify is present in 25 cities in Europe, West Asia, and Africa. It also operates in Mexico. It claims to have 2.5 million users and had previously raised US$2.4 million in funding.

Why it matters:

Source: Didi Chuxing, Taxify.

Editing by Jack Ellis

(And yes, we’re serious about ethics and transparency. More information here.)

About Michael

A Greek in Asia, Michael covers startups in Singapore and beyond. Drop him a line at [email protected] or say hi to him on Twitter: @michaeltegos

source : techinasia

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