Easy Taxi Secures Funding from Mobily Ventures

Easy Taxi, one of the world’s leading mobile taxi apps, is one of the first two companies to secure funding from easy taxi“Mobily Ventures”, the Corporate Venture Capital arm of Mobily, the leading telecommunication operator in Saudi Arabia. This brings Easy Taxi’s total funding to $77 million.

Easy Taxi allows customers to book taxis through their smart phones and therefore, increase the efficiency and speed of hiring taxis. Easy Taxi Middle East is currently operating in Saudi Arabia, Kuwait, Qatar, Bahrain and Jordan and this partnership will contribute to the further expansion of its operations in the region.

Uber and Careem are direct competitors to Easi Taxi.

Dr. Mahmoud Fouz, CEO at Easy Taxi Middle East, said, “We are growing rapidly in the Middle East and strategic partnerships with top innovation leaders such as Mobily will play an instrumental part to the success of our company and distinguish our region as leaders in technology”. The Easy Taxi App connects drivers with customers, which results in a faster and more convenient service. Dr. Fouz adds, “Our trained and tracked drivers are finding passengers more efficiently and this solution is becoming very popular for individuals and businesses as well. In Saudi Arabia, women account for 80% of Easy Taxi orders, and we believe we can contribute to the quality of life for Arab women in the whole region.”

Dr. Karl-Michael Henneking, Chief Corporate Strategy and M&A Officer of Mobily, who serves as Chairman of the Board of Mobily Ventures points out that ‘Easy Taxi Middle East is an innovative mobile taxi booking system. It has the potential to bring customer experience to a new level and has a natural fit with Mobily. We serve millions of users with high-speed mobile internet access and at the same time enable innovative over the top services that change people’s lives in the Middle East. We can support Easy Taxi beyond funding in ways very few can match, in particular in Saudi Arabia.“

Founded in April 2011 in Rio de Janeiro, Brazil, Easy Taxi App is currently available in 32 countries and 165 cities. There are over 200,000 registered taxi drivers and the app has reached over 10 million downloads globally. Easy Taxi is available for Android, iOS, Blackberry, and Windows Phone devices, as well as for B2B clients through Easy Taxi Pro and Easy Taxi Corporate solutions.

Easy Taxi is backed by the Middle East Internet Group (MEIG) and iMENA Holdings. MEIG is the leading Arabic internet platform which currently operates in seven countries and home to three successful internet companies and is supported by two global experts in e-commerce and the Middle Eastern markets: MTN Group and Rocket Internet. iMENA Holdings is one of the leading investor-operators in the Middle East and North Africa region, built to capture the online consumer opportunity presented by a fast growing population of Arab.

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