minicabit operates an online price-comparison and booking platform for mini-cabs accessible via web and mobile apps. The company matches customers with local Cab Operators using fixed-price comparisons and supports complex bookings (multiple stops, luggage). It has established national partnerships (Heathrow, Barclays Pingit, Big Yellow, O2 Academy, London City Airport, Blenheim Palace) and has attracted 1 in 10 UK Cab Operators, with 700 partner fleets currently. minicabit is already break-even, with bookings and revenues up 100% over the first half of the year and an average booking value of GBP40. The firm plans to double its partner fleet count over the next year, expand vehicle types (minibuses, stretch limos), launch tablet and Apple Watch apps, and offer white-labelled services to hotels and attractions. Management is led by founder Amer Hasan and supported by advisers and non-executives including Steven Norris, Paul Lawton and Hambro Perks' Nick Wentworth-Stanley. Minicabit operates a web and mobile marketplace that compares real-time cab quotes from licensed drivers across more than thirty UK cities and enables bookings. Cab providers set rates and availability on the platform; Minicabit takes a 10% commission from the operator and adds a £1 booking fee to the final fare. The company reports over 300 licensed UK cab operators in its network and highlights a large addressable market with millions of out-of-town cab trips annually. Minicabit has been featured on BBC’s Dragons’ Den, backed by UK mobile operator O2, and appeared as “New & Noteworthy” and “Best Apps” on Apple’s App Store. Product plans include an Android app rollout, new features to drive repeat bookings, operator tools, and a recently announced multi-stop route-optimization feature on web and mobile. The company is currently crowdfunding on Seedrs and has attracted retail investment interest from cab owners, operators, drivers and other crowd investors.

Total raised

$2M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2015