Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

French ride-sharing startup, Heetch aims to take on Uber in African countries, secures €3.6M in Series B

Editorial team by Editorial team
November 20, 2019
in Startups, (Crowd)funding, News, Travel & Mobility
0
French ride-sharing startup, Heetch aims to take on Uber in African countries, secures €3.6M in Series B
40
SHARES
LinkedInTwitterWhatsAppFacebook

Based out of Paris, Heetch, a ride-sharing app, has raised $4 million (approx €3.6 million) from AfricInvest to complete its $42 million (approx €38 million) Series B.

Launched in 2013, Heetch, aims to build friendly and fair mobility solutions for their drivers and passengers. In France, Heetch has been exclusively focusing on VTC drivers since 2017 and has rapidly become one of the top 3 players. In 2018, Heetch launched its operations in Casablanca, Morocco, in partnership with the country’s major taxi unions.

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

Heetch has already become the market leader, establishing itself as the only legal ride-sharing app in the country and is now active in all the major cities (Rabat, Marrakech, etc.). Following its last fundraising round, a couple of months ago, Heetch has successfully launched in 2 more countries: Algeria and Cameroon. 

In Algiers, Heetch immediately became one of the main actors and is willing to take over the market thanks to its experience and ability to build healthy drivers communities. In Douala, Heetch has developed an unique moto-taxi service. All Heetch drivers are trained to respect the roads safety rules, are equipped of helmets and other safety equipment. Thanks to its monitoring, Heetch has created a reliable, affordable and safe mobility solution, which is very important in a city where there are way too many accidents. 

Teddy Pellerin, co-founder of Heetch, said:

The Maghreb and French-speaking Central and West Africa represent major opportunities for Heetch. In fast-growing cities with limited public transport infrastructure, our service can greatly improve mobility for city dwellers. Since we share a common language, it’s a bit easier for us to understand and adapt our offer to local specificities. Besides, we always prefer to partner with a local entrepreneur to create a business that is partly French and partly local.

Heetch plans to open 6 new African countries next year (Tunisia, Senegal, etc.). Depending on the local regulation, Heetch works with private, taxi or moto-taxi drivers. 

Yassine Oussaifi, Partner at AfricInvest, said:

Heetch has developed an ambitious Africa strategy in order to offer innovative, inclusive, safe and reliable mobility solutions for millions of urban Africans, developed by one of the brightest management teams in the industry. We appreciate the pragmatic approach of the team that will build and adapt the service to the local context, in close partnership with entities on the ground.

Teddy Pellerin added:

France is very important to us. Our goal is to continue to grow on our main market thanks to a great proximity with our drivers. We take lower commission fees and we do whatever we can to build a healthy market for everyone, including our drivers.

Right now, Heetch operates in 9 cities in France (Paris, Lyon, Lille, Nice, Marseille, Toulouse, Bordeaux, Strasbourg, Nantes) where it is already one of the top 3 players.

Main image credit: Heetch

Stay tuned to Silicon Canals for more European technology news.

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: appFrench StartupsfundingMobility
Share3Tweet9SendShare18

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Blue Tulip Awards is driven by purpose: why innovation and equality go hand in hand

Future of coding: CTOs discuss low-code versus custom code software development for their business

Breaking news from Amsterdam | Partner

Here’s why Just Eat Takeaway is expanding its offices in Amsterdam

Amsterdam-based Veylinx uses Nobel Prize-winning approach to solve the problem of unreliable survey data; raises €1.6M

Amsterdam-based fintech unicorn Mollie enters UK market to helps merchants there grow into Europe post-Brexit

Amsterdam-based HR tech Recruitee takes a “shortcut” to a future unicorn status

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info