As the NSW Government gears up to implement a $1 levy per trip taken through taxi and rideshare services across much of the state from this Thursday, Indian rideshare company Ola has signalled it is getting ready to launch in Australia.
A new player in the ridesharing place looking to tackle the issue of sure pricing to benefit both drivers and passengers is Hi Oscar.
The South Australian Government has announced that it is regulating ridesharing services, giving the go ahead to startups like goCatch and Uber to offer their services as of July 1.
Taxi booking and mobile payment software provider Ingogo has announced the closing of a $12 million Series C funding round, with $4.2 million raised through equity crowdfunding platform VentureCrowd.
Yesterday, the news was confirmed and broke by Fairfax. goCatch had indeed closed a $4.5 million round of funding, although a press release distributed last night said the capital raise was sitting at $5 million.
After an interesting conversation with Petrie on Friday afternoon, it became quite apparent to me that ingogo is perhaps not just the “taxi booking” application the media have been writing about and is in fact so much more. In fact the potential makes their number on competitor Cabcharge look a little bit like small fish.
In what they describe to be “a technological, algorithmic breakthrough”, goCatch’s software developers have been able to build a colour-coded alert system for passengers that accurately predicts relative busy-ness at the time they’re booking a taxi.
Australian mobile payment provider and taxi services app ingogo today announced an additional $3.4 million in funding, valuing the business at over $25 million and taking the total capital raised by the company to $7.1million.
Launched two years ago, Coseats.com has become a popular go-to platform for backpackers, commuters and travellers seeking to share rides across Australia. The site has gained almost 20,000 registered users to date, and has facilitated over 40,000 rides.
Investor heavyweights James Packer, SEEK co-founder Paul Bassat, and BRW Rich Families members the Libermans andKahlbetzers, are backing goCatch against the dominance of industry giant Cabcharge.
Andrew Campbell and Ned Moorfield from goCatch saw an industry that was ripe for disruption and decided that was a gap that needed to be filled. The media loved it, the taxi industry not so much, and almost everyone had an opinion on the state of paid transport in NSW. We talked to Ned Moorfield about goCatch, where it is now and how it’s managed to stay successful.
Daily startup news and insights, delivered to your inbox.
