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January 23, 2012 02:08 pm GMT

Maker Of Taxi-Ordering App myTaxi Raises 10 Million From Daimler, Lars Hinrichs

mytaxiIntelligent Apps, the Hamburg, Germany-based startup behind popular taxi ordering smartphone application myTaxi, has raised 10 million euros in growth funding from car2go, a subsidiary of Daimler, Germanys third largest carmaker. XING and Hackfwd founder Lars Hinrichs also participated in the financing round, as did previous backers T-Venture (Deutsche Telekom) and KfW Bankengruppe.According to Bloomberg Businessweek, Daimler took a 15 percent stake in the mobile apps developer.Intelligent Apps claims myTaxi has a market share of no less than 80 percent in Europe, and is still growing fast. The app has been downloaded 800,000 times to date, and 7,000 taxi drivers have registered for the service so far.Read more at TechCrunch Europe.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zUcpSG_uZvc/

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