Iranian ride-hailing company Snapp said it has generated upwards of 2 million rides a day in the country.
Snapp co-CEO and co-founder Mahmoud Fouz claimed that the startup “in Tehran is now larger than any Uber city globally,” citing data the company gathered from Uber.
Photo credit: Snapp
Also known as the “Uber of Iran,” the startup partners with 1.5 million drivers and operates in over 30 cities in the country, which is home to more than 80 million people. Iran remains off-limits to US and European investors after US President Donald Trump reimposed sanctions in November 2018.
From its ride-hailing business, Snapp has branched out into other services, including food and grocery deliveries as well as travel bookings.
The startup was founded in 2015 and is backed by South African telecommunication provider MTN Group.
Editing by Charmaine de Lazo
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