Octopus leaves £3.8m on back seat of Kabbee

Image may be NSFW.
Clik here to view.Forget banking and games (or maybe not) – the place to be for mobile apps is taxi booking. While much of the glory has so far gone to ‘black cab’ booking service Hailo, investor attention has also turned to minicabs, with the news that Octopus Investments has led a £3.8m Series A funding round for London minicab booking service Kabbee. This follows a $3.25m funding round in October 2012 led by Samos Investments. And according to the excellent TechCrunch, Kabbee competitor Minicabster (previously known as Anycabs) recently raised £2m in funding. One wonders how many taxi booking apps we really need, and undoubtedly we will find the answer when the market decides.