Ingogo (company)
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| Industry | Technology |
|---|---|
| Founded | August 2011 |
| Headquarters | 55 Clarence Street, Sydney , Australia |
Area served | Adelaide, Brisbane, Melbourne, Perth, Sydney |
Key people | Hamish Petrie (Founder & CEO) |
| Website | www |
Ingogo is an Australian company that specialises in online taxi bookings and payments.[1] As a point of difference, Ingogo provides fixed fares which include all tolls and charges. There is no surge pricing or extra fees due to traffic jams.[2] Ingogo's competitors include Uber and Cabcharge.[3] The company presently services Adelaide, Brisbane, Melbourne, Perth and Sydney.[1][4]
For business customers, Ingogo says it provides automated receipts and methods of detecting fraudulent travel.[5] Cab drivers process fares using a customised mobile application on Android smartphones.[6] Customers can earn frequent flyer points with Qantas.
History
In 2011, entrepreneur Hamish Petrie convinced Moshtix, a company Petrie founded in 2003 and later sold to News Digital Media in 2007, that his idea was workable.[7]
In 2015, Ingogo raised $12 million in a funding round that valued the company at $100 million. It claims to have raised more than $16 million in total from Australian investors.[3] More than $4 million came from crowdfunding alone, which was a record on the Australian equity-crowdfunding platform VentureCrowd.[8] The Australian Federal Government has also given the company a grant. Another investor was MYOB co-founder Brad Shofer.[9]
In December 2016, Ingogo delayed its float on the Australian Securities Exchange until the latter half of 2017. It was reportedly considering preference shares or a rights issue in the short term.[3]
References
- ^ a b Stein, Scott; Peterson, Richard; Bakalar, Jeff; Carey, Bridget (July 6, 2017). "Now you can rate (and ditch) regular taxi drivers on Ingogo". CNET. Retrieved July 30, 2017.
- ^ "The coolest 100 people in Australian tech". Business Insider Australia. Allure Media (Axel Springer SE). 14 October 2016. Retrieved 4 December 2016.
- ^ a b c Thompson, Sarah (column editor) (2 December 2016). "Ingogo looks to tap investors". StreetTalk. The Australian Financial Review. Fairfax Media.
{{cite news}}:|first=has generic name (help) - ^ Mckenzie, Matt (October 30, 2015). "All taxi systems Ingogo as new app hits Perth". Business News. Retrieved July 31, 2017.
- ^ "Home page". Ingogo. Retrieved 4 December 2016.
- ^ Foo, Fran (of The Australian newspaper) (15 October 2013). "Ingogo first cab off the smartphone rank". The Daily Telegraph. News Corp. Retrieved 4 December 2016.
- ^ Dunn, Matthew (March 10, 2017). "The Aussie man trying to take down Uber". News.com.au. Retrieved July 31, 2017.
- ^ White, Kye (29 May 2015). "Ingogo valued at $100 million after the biggest ever Australian equity crowdfunding raise". Smart Company. Private Media Pty Ltd. Retrieved 4 December 2016.
- ^ Francis, Hannah (9 May 2016). "Taxi wars heat up as Ingogo introduces cancellation guarantee". The Australian. News Corp. Retrieved 4 December 2016.
Further reading
- Grubb, Ben (May 6, 2014). "Taxi app Ingogo pulls online receipts after customer shows how thousands can be accessed". The Sydney Morning Herald. Retrieved July 30, 2017.
{{cite web}}: Invalid|ref=harv(help) - Dunn, Matthew (March 10, 2017). "The Aussie man trying to take down Uber". News.com.au. Retrieved July 30, 2017.
{{cite web}}: Invalid|ref=harv(help) - "Ingogo smashes Australia’s equity crowdfunding record". The Australian Financial Review. May 29, 2015.