Shebah, the women-only taxi app, reached its $3 million crowdfunding target on Sunday, becoming Australia’s new crowdfunding champion in the process.
The previous record was held by digital banking startup Xinja, which raised $2.6 million last March.
Over 2,000 investors pumped between $100 and $1,000,000 into Shebah on the Birchal crowdfunding website.
Shebah founder and CEO Georgina Mcencroe, wrote on Twitter on Sunday night: “We did it.”
— georgina mcencroe (@georgemcencroe) March 31, 2019
Shebah wants to provide women with what it calls a safer alternative to platforms like Uber and Didi.
In recent years, there have been a number of brutal crimes committed by rideshare drivers. Last August, a Uber driver was charged with the rape of a 17-year-old girl after dropping her off in Bondi, while a Didi driver admitted in January to raping and murdering a passenger in Singapore.
All of Shebah’s cars are driven by women and the service is exclusively for women and children passengers.
After launching on International Women’s Day in March 2017, Shebah is already available in Melbourne, Geelong, Bendigo, Ballarat, Hobart, Canberra, Sydney, Brisbane, Gold Coast, Sunshine Coast, Adelaide and Perth, while Darwin will be active soon.
The Australian rideshare industry is worth $290 million and the taxi industry is valued at $6 billion, with the market growing at 14% year-on-year, according to market research firm IBISWorld.
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