Hedman Partners advised Taxify in acquiring an investment from Didi Chuxing

The team at Hedman Partners has helped Taxify, it’s longtime client, finalize an extensive investment and strategic partnership deal with Didi Chuxing, the world’s leading mobile transportation platform.

The investment is a bilateral strategic partnership that will involve collaboration in both investment and technology development. Markus Villig, Founder and CEO of Taxify, said: “Taxify will utilize this partnership to solidify our position in core markets in Europe and Africa. We believe Didi is the best partner to help us become the most popular and efficient transport option in Europe & Africa”.

Launched in Estonia in 2013, Taxify is the fastest-growing ride-hailing company in Europe and Africa, offering taxi- and private car-hailing services to over 2.5 million users in major hubs across 18 countries, including Hungary, Romania, the Baltic States, South Africa, Nigeria and Kenya.

Didi Chuxing is the world’s leading mobile transportation platform based in China. The company offers a full range of mobile tech-based mobility options for over 400 million users, including Taxi, Premier, Express, Hitch, Luxe, Bus, Minibus, Chauffeur, Car Rental, Enterprise Solutions and bike-sharing.

Hedman Partners advised the client in negotiations and all other transaction related matters. Hedman Partners corporate team included managing partner Merlin Salvik, partner Dmitri Tšimpoaka and associate Toomas Seppel.

Media coverage can be seen from here.

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