Snapp (launched in 2014 as Taxi Yaab) operates a mobile ride-hailing service that matches riders with vetted drivers and inspects vehicles before onboarding. The app uses pre-set trip pricing and relies largely on cash payments to suit Iran’s market. Snapp currently operates only in Tehran, employing 130 staff and roughly 10,000 drivers, and has recorded about half a million users. The company did not disclose revenue or valuation in the article. Management says it will focus on the Iranian market, invest in current operations, expand to other cities, introduce premium vehicles, and roll out new features. Snapp positions local knowledge and its employee base as a competitive advantage for navigating Tehran’s complex traffic and regulatory environment.

Total raised

$22M

Funding rounds

1

Latest round

Series A

Latest activity

Oct 2016