A Chinese ride-sharing company invests in Estonia’s Taxify

Taxify, the Estonian-founded taxi booking startup, announced a strategic partnership with Didi Chuxing, a Beijing-based ride-sharing company.

Taxify said in a statement that under the partnership, DiDi will invest in and collaborate with the company to support its further growth and innovation across all markets.

“We will utilise this partnership to solidify our position in core markets in Europe and Africa. We believe DiDi is the best partner to help us become the most popular and efficient transport option in Europe and Africa,” the company said. The amount of the new investment was not disclosed.

Powered by AI (artificial intelligence) technologies, DiDi currently offers mobility services to over 400 million users in more than 400 cities in China.

Taxify was founded in Estonia in 2013. In 2014, it was named the country’s best mobile application. It has since expanded to 18 countries in Europe, Western Asia and Africa. Before DiDi’s investment, Taxify had received USD2.17 million in seed funding.

I

Images courtesy of Taxify.

About the author: Estonian World

Estonian World is a global independent online magazine, founded in London in 2012 and headquartered in Tallinn, Estonia. The magazine has editorial representations in London, New York, Toronto and Tallinn, and contributors all over the world, on every continent. Follow us on Facebook, Twitter, LinkedIn and Instagram.