Taxi app goCatch teams rich-list backers to take on Cabcharge
SMART COMPANY | MONDAY, 20 OCTOBER 2014 1:33
A taxi booking app backed by the likes of Paul Bassat and James Packer has raised around $5 million over the weekend in a bid to further disrupt Australia’s $5.4 billion taxi industry.
The goCatch app allows users to book nearby taxis and track their progress via GPS. Co-founder and chief executive Ned Moorfield told SmartCompany the latest equity round, which brought on a range of new shareholders, will help the business “get on with scaling up in a much bigger way”.
“The funds will be very much constructed on the growth of the business, building up our marketing capabilities,” he says.