Uber's European rival Taxify raises $175mn at $1bn valuation
Uber's major rival in South Africa and Europe, Taxify, has raised $175 million at a valuation of $1 billion from investors led by German automotive giant Daimler. The investment also saw participation from Europe-based Korelya Capital and Taavet Hinrikus, Co-founder of Estonian fintech startup Transferwise. Daimler will also take a seat on the Taxify board, as part of the deal.