https://techcrunch.com/2019/05/08/heetch-raises-38m-to-take-on-uber-in-french-speaking-countries/

With Uber just days away from going public, a small challenger has raised some funds of its own to take it and the rest of the field on in francophone markets. Heetch, a ride-sharing platform based out of Paris with operations across France and French-speaking Africa, has picked up a Series B of $38 million, at a valuation that we understand to be around $150 million.

Very small potatoes compared to the $90 billion value some have ascribed to its much larger competitor. But the list of Heetch’s investors — a combination of strategic and financial players — speaks to both the untapped opportunity that investors (and founders) think still exists in the wider market, and the fact that many believe that Uber doesn’t address everything and everyone, and there remains room for more companies to approach the need to transport people in different ways. (Indeed, others like Gett, which this week announced a $200 million round, also capitalising on these gaps.)