What is Fasten?
Fasten operates as a transportation service within Uzbekistan, offering affordable taxi rides that start from 4,000 som. The platform is designed for efficiency, promising quick pickups within 5 minutes. It caters to diverse user needs through various service classes, suitable for both business commutes and longer journeys. Key features include upfront fare estimates, real-time driver tracking, and flexible payment options via cash or card. Fasten collaborates with third-party transportation providers to extend its service offerings.
How much funding has Fasten raised?
Fasten has raised a total of $10M across 1 funding round:
Series A
$10M
Series A (2016): $10M with participation from UFG Capital
Key Investors in Fasten
UFG Capital
UFG Capital is an investment group focused on direct investments in fast-growing companies, with a strategy emphasizing sector diversification and clear exit strategies. They primarily target projects within Russia and CIS countries.
What's next for Fasten?
The recent major strategic investment into Fasten signals a pivotal growth phase for the company. This capital infusion is expected to fuel expansion initiatives, potentially enhancing service offerings, broadening its operational footprint within Uzbekistan, and solidifying its market position against competitors. The company's focus on affordability and efficiency positions it well for continued user adoption and market penetration.
See full Fasten company page
