13Nov

Kabbee is one of Britain’s fastest-growing start-ups

FT badges 19 April 2012

Kabbee, the multi-award-winning minicab price comparison and booking app, was announced yesterday as one of Britain’s fastest growing start-ups, as part of The Sunday Times’ Start-up Track 15 list.

The new league table for 2015, published by The Sunday Times yesterday, ranks the start-ups according to growth in sales over the last two years. Companies qualified if they grew annual sales during this time from more than £50,000 to over £1m – provided sales were less.

Kabbee secured a place on the list after seeing an increase of 257% in annual sales over the last two years, resulting in £1.3m in sales. The Start-up Track 15 list features other emerging brands such as fresh coffee delivery service Pact, which has offers available on Kabbee’s loyalty programme, Kabbee Treats

Last week, Kabbee launched a crowdfunding campaign targeting at least £1m of investment via Crowdcube, and has already received over 30% of its funding target in less than a week. The funding will be used to help Kabbee expand in major cities outside of London, whilst updating its established dispatch and GPS technology, supporting the best UK minicab firms.

Kabbee is on track to hit the £1m investment target before the end of November and by the end of 2015 the Kabbee app will have been downloaded 600,000 times, transporting 250,000 passengers on 1.75 million journeys.

Investors in this crowd round will be entitled to a stake of the business, as well as up to one year’s Kabbee Loyalty membership*, giving them free cab credit, executive journey upgrades, access to their 5 Minute Punctuality Promise**, and a wide range of treats from Kabbee’s partners.

Since its launch in 2011, Kabbee has received investment from two of the UK’s most successful ecommerce entrepreneurs, Ed Wray, co-founder of Betfair and Simon Nixon, founder of Moneysupermarket. Kabbee is also supported by Octopus Ventures, which backed Zoopla.

To invest in Kabbee today, please click here for more information.

Justin Peters, Kabbee’s CEO & Founder comments on the Sunday Times Sage Start-up Track 15 announcement: “Despite playing in the same space as the fastest growing company of all time, Kabbee has been growing successfully in London for four years, and revenues are on track to increase from £790K in 2013 to over £1.8m in 2015.

“We are delighted to be listed as one of Britain’s fastest growing start-ups, and we’re looking forward to Kabbee’s future and our plans for 2016.” 

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