Cab Guru, a Cambridge, UK-based cab comparison and booking app startup, raised over £2m in funding.
The backers were not disclosed.
The company will use the funds towards further development and marketing, generating growth across the whole of the UK.
Launched via the joint effort of more than 300 major cab companies in the UK, Cab Guru aims to support UK-based private hire and taxi firms to compete with Uber via an app where customers can compare cabs based on price, availability or service in real-time and book a cab anywhere in the UK. Where there is currently no Cab Guru partner coverage, customers will be shown a list of local cab companies to call and make their booking directly with them.
The company soft launched the app in December 2015 and have been adding licensed Private Hire and Taxi companies since then. It currently has over 10,000 cabs available in London and 15,000+ across the UK.
The app is available in the Apple App Store or Google Play Store.
FinSMEs
08/03/2016