Easy Taxi -- a cab booking application that operates in nations such as Nigeria, Egypt, Ghana and Kenya -- has secured $40 million to fund its planned expansion.
Easy Taxi is available in 32 countries worldwide.
And according to a press statement, the funding was led by Russian venture and growth equity firm, Phenomen Ventures, and Germany’s multi-sector retailer Tengelmann Ventures of the Tengelmann Group.
"We are very proud to have secured this new round of funding, which will allow us to continue our growth trajectory in existing markets, advance our technology, scale our operations and improve our service towards more audiences and geographies," said Easy Taxi's co-chief executive officer Dennis Wang in a statement.
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