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Taxify is a taxi booking app that has just raised a seed investment of $100K from the business angels – Märt Kelder, Martin Villig, Andrus Purde, Toomas Bergmann and Mikko Silventola.
Founded by a 20-year-old Markus Villig, Taxify is a solution for taxi companies that offers a web-based dispatcher and fleet management systems to manage their operations. The clients come from the Taxify’s consumer app that already handles over 50,000 monthly bookings in Estonia and Latvia and shows 55 percent monthly growth. The business model is based on a fixed monthly fee of 12-15 Euro per driver. This, according to the company press release, is a fraction of the cost of the traditional solutions.
In 2014 Taxify plans to expand to the 8 new countries in Eastern Europe and Asia.
As for the competition, we know Belarusian Taxi Startup (launched a year ago) that has been expanding to Brazil. Its taxi-booking app Saytaxi app reports completing 10,000 rides, whilst Taxi Startup itself offers the dispatcher solution to the taxi companies.
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