Tuesday’s partnership underscores Didi Chuxing’s tightening grip on the global transport market. Last year, the company bought Uber’s Chinese business and, at the start of this year, invested $100 million in rival business Lyft.
The company itself has also been the recipient of major investment, having closed a $5.5 billion funding round in April. The deal valued the company at over $50 billion, making it one of the world’s most valuable private technology companies after $66 billion Uber.
Taxify, which was founded in 2013, currently serves 2.5 million users across 18 countries in Europe and Africa.
“Taxify will utilize this partnership to solidify our position in core markets in Europe and Africa. We believe Didi is the best partner to help us become the most popular and efficient transport option in Europe & Africa,” Markus Villig, founder and chief executive of Taxify, said in a press note.
– Arjun Kharpal contributed to this report.