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A 23-year-old university dropout just launched a cheaper rival to Uber in London

485 Views 5 Replies 4 Participants Last post by  IndyCon
Villig told Business Insider that Taxify has two advantages. Firstly, it hasn't raised billions in outside investment and therefore has comparatively little pressure to turn a profit and repay its investors, except for Didi Chuxing.

Secondly, Taxify's pledge to drivers is lower commission fees and better treatment. Specifically, the company plans to take a 10-15% cut from the fare. Uber takes 20-25% commission on fares, something which led around 300 drivers to protest the firm in London in 2015.
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So they take less of a percentage of lesser fares. Great. The race to the bottom has a new entry.
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