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Egyptian taxi-hailing startup Ousta lands $1.25mln

A group of Egyptian and United Arab Emirates angel investors and venture capitalists are backing taxi-hailing startup Ousta with a $1.25 million bridge investment to support the Cairo-based company’s recruitment and growth plans. The country’s answer to Uber only launched 5 months ago, claims to be experiencing 30% growth every week and is already operating in 11 cities. Founder and Chairman Nader El-Batrawi tells Disrupt Africa that he expects the firm to be looking for another sizeable round in the near future.

Read more at Disrupt Africa…

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