NYC Uber Competitor Zypsee Raises $1.4 Million in Funding
Zypsee seems to operate on the premise that its native NYC roots will give it an edge over its competitors, and says it will stay exclusive to New York City for up to a year.
Excerpt from PandoDaily
New York-based black car service Zypsee has raised $1.4 million led by ff Venture Capital, according to an SEC filing. The company has launched in New York amid a wave of car service competition from Uber, Hailo and GetTaxi, which have raised $22 million, $50.6 million, and $57.1 million, respectively. (Uber is raising a round which is rumored to value the company at $3.5 billion.)
Zypsee’s round, which includes investment [from] Correlation Ventures and strategic investors from the travel industry, has room to go up to $2 million in funding. The company was founded in 2011 by Ram Trichur, and Michael Ibrahim, former McKinsey & Company consultants, Vivek Chandran, also a former software consultant.