Hail a cab for $20 million

Israeli smartphone app readies for its debut among New York City taxis.

GetTaxi has its sights set on the Big Apple and following a $20 million funding round, the Israeli taxi app is about to make hailing a cab in New York City that much easier.

GetTaxi app GetTaxi – founded in 2010 — has developed a mobile phone application for calling cabs: Just tap your screen and watch in real-time as your taxi approaches.

It currently has live operations in London, Moscow and 13 cities in Israel.

“This funding will enable us to provide the same remarkable service across the world’s major metropolises: NYC, London and Moscow. Already today, at peak times, there is a GetTaxi ride being booked every second somewhere in the world,” said Shahar Waiser, Founder and CEO of GetTaxi. “We believe consumers and businesses deserve the ability to book and pay for a taxi quickly and securely at the click of a button on their smartphone from anywhere. GetTaxi’s vision is to change the industry in such a way that taxis will be affordable for everyone, and available in less than a minute. This will make GetTaxi the preferred choice for getting around the city.”

The latest funding round was led by Len Blavatnik through Access Industries. The company has raised $30 million to date.

“New York City is taking big steps to improve ground transportation and GetTaxi is poised to help make this transformation a reality,” said Jing Wang Herman, CEO of GetTaxi USA. “Imagine, knowing you’ll always be able to find a cab, no matter what part of the city you’re in, and knowing exactly how long it will take to find you. We are excited to bring the GetTaxi revolution to the most iconic city for taxis in the world.”

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About Viva Sarah Press

Viva Sarah Press is an associate editor and writer at ISRAEL21c. She has extensive experience in reporting/editing in the print, online and broadcast fields. She has jumped out of a plane, ducked rockets and been attacked by a baboon all in the name of a good story. Her work has been published by international media outlets including Israel Television, CNN, Reuters, The Jerusalem Post and Time Out.