By John Glenday

Telefonica backed Minicabit, the online/app cab service, is tapping UK investors and business leaders for additional funding as it targets revenues of £100m by 2020 by enabling cab operators to fight back against their technology enabled rivals.

Cash raised will be used to extend its range of partnerships and double the number of partner cab fleets over the next 12 months, as well as introduce an app for tablets and the Apple Watch.

Backers include Adrian McAlpine, partner at construction giant Sir Robert McAlpin, Hambro Perks and famed thoroughbred racehorse owners the Sangster family.

Amer Hasan, CEO and founder of minicabit, commented: “Cab Read full story ›

Source: The Drum