On-demand ride-sharing company ZayRide has declared a change in ownership so that it can go public. This action marks an important turning point for Zayride and shows how confident the company is in its business strategy and expansion potential.
ZayRide is a customer-focused on-demand dispatching software for taxis and ambulances that links passengers and driver and provides a transportation service. The business is nerve centered in Addis Ababa, Ethiopia, and was established in 2016.
ZayRide has begun selling shares, with a total of 100,000 shares being made available at a cost of 1,000 birr each. Drivers must invest a minimum of 25,000 birr to acquire shares, whereas other buyers must invest a minimum of 75,000 birr.
Additionally, the payment can be done at any of the four main banks in Ethiopia: CBE, Abyssinia, Amhara, and Awash Bank.