Uber’s biggest rival in Africa is now a billion-dollar unicorn

Uber’s biggest rival in Africa is now a billion-dollar unicorn

6 years ago
Anonymous $2WKDXfy9lA

https://qz.com/1293369/taxify-ubers-biggest-rival-in-africa-is-now-worth-1-billion/

Taxify’s battle to win the ride-hailing market in Africa and Europe has received a major shot in the arm.

The five-year old Estonian startup has raised $175 million in a funding round which values it at more than $1 billion—the coveted unicorn status. The round is led by German car giant Daimler, Europe-based Korelya Capital, and Taavet Hinrikus, co-founder of fintech company TransferWise. The round also saw participation from Didi Chuxing, the ride-hailing giant in China known for backing Uber’s rivals around the globe.