Ingogo, a Sydney-based taxi-booking startup, is set to take advantage of recent growth in its market in Asia following funding of $913,000.
This latest figure brings total funding for the company, which facilitates taxi booking via mobile apps, to $3.3 million.
The investment comes from
Pacific Venture Advisors' managing director Vikram Mehta and principal partner Raj Dalal,
Alceon co-founder and managing director Trevor Loewensohn and business leaders Victor Gomes and Zac Rosenberg.
The new fund will be used to launch ingogo into new markets across Australia and international markets, especially the US. Pacific Venture Advisors will be helping ingogo to achieve this and help provide access to further capital.
Mehta has joined ingogo as a director and will be joining the company’s board this month.
Ingogo was founded in August 2011 and has mobile apps for the
iOS and
Android platform. The company has built relationships with around 15% of Sydney’s taxi drivers.
ingogo's existing investors:
The startup's competitors in Australia include
Uber (launched in Sydney),
GoCatch,
GetPickedup, and
TaxisCombined.