• MYTAXI PH eyes IPO

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    MYTAXI Philippines Inc., the company that introduced GrabTaxi and GrabCar in the Philippines, plans to go public.

    “Yes, of course that’s like the mission of all companies. That’s always our mission.

    Hopefully, soon. We need everyone’s help to make that possible,” Natasha Bautista, head of GrabCar Philippines, told reporters on the sidelines of the company’s second anniversary.

    Right now, we want to make sure that we hit our numbers, hit our targets first – so, we can’t really say right now,” she said, declining to elaborate.

    Earlier, Transportation and Communications Secretary Emilio Joseph Abaya said technological innovation is a driver of progress in the transportation sector to give commuters safer and more convenient options.

    “App-based transport services help address the increasing demand for mobility spurred by rapid urbanization,” he added.

    Stability first
    “Right now, with GrabTaxi, we are already in six countries, and 22 cities. In Philippines alone, we’re in Metro Manila, Cebu, Davao, Iloilo, and Bacolod. And the latest one is Baguio,” Bautista said.

    GrabCar is focused in Metro Manila, she said.

    On the question of expanding GrabCar to other cities, Bautista said the company wants the service to be in all the cities where it’s needed.

    The company is more focused on achieving stability in its processes and operations.

    “We want to make sure our drivers and passengers are happy first before we start expanding into more cities,” Bautista noted.

    Also, the company is also looking at a cashless payment system that accepts debit and credit cards. For the apps, MYTAXI is forging a partnership with Globe Telecoms.

    “We want to make sure that once we do launch something it’s not baggy and there are no tech issues. We want to make sure that it works,” Bautista said.

    In terms of users, Bautista noted that it doesn’t matter if the network is Globe or non-Globe. Even if you have an international SIM cards you can use the app,” she said.

    GrabCar is the first and only service ride-sharing app fully accredited by the Land Transportation Franchising and Regulatory Board.

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