“Significant investment” for 2015 Startups Awards winner minicabit
The taxi price comparison and booking service wants to achieve £100m annual UK revenues by 2020
minicabit, the fast-growth start-up which recently won App of the Year at the Startups Awards 2015, has secured “significant investment” from private investors Dominic Murphy; UK head of global buyout firm KKR, and Marek Gumienny; founder of 24 Haymarket.
Launched in 2012 by Amer Hasan (pictured), minicabit is a mini-cab price comparison and booking service which is said to be the only service of its kind to enable users to instantly compare and pre-book local and long distance trips – up to a year in advance.
The start-up claims to have achieved “strong growth” of late with revenues up 100% over the first half of this year, and has secured a number of deals with the likes of Heathrow Airport, Barclays PingIt, and the O2 Arena.
The funding, which follows a £1.4m round led by Hambro Perks in October, will be used to hit its target of £100m in annual UK revenues by 2020 with plans to “diversify” the range of vehicle types booked on its platform an enhanced its tech platform and app.
Hasan comented: “Having only just completed a very successful funding round, which included a number of the UK’s leading business figures, we are really delighted to have secured the support of two investors of the stature of Murphy and Gumienny.
“We now have backing for the company from some of the UK’s smartest and savvy financial and tech investors which demonstrates their faith in minicabit’s distinct business model and belief that the firm will be one of the winners in the taxicab-tech arena.”