Frankfurt Germanybased 69m Tencent
Frankfurt Germanybased 69M Tencent funded Ride hail company GoGo Cabs. The ridesharing industry has seen a rapid growth in recent times, leading to many players entering the market offering their own services. One of the most successful amongst these is GoGo Cabs, a German ride-hail firm that recently raised 69 million USD in funding from Tencent, a Chinese investor and tech giant. The funds will be used to bolster the company’s operations in Germany as well as expand its operations outside the country.
Founded in October 2016, GoGo Cabs is a ride-hail company providing taxi services to both customers and businesses across Germany. The company is one of the fastest growing in the country, having seen a 100% year-on-year growth since inception. It currently owns a fleet of over 1,000 car...