10/08/2017

99 Embarks on Massive Brazilian Hiring Spree

On Bloomberg Technology:

Brazil’s unemployment rate is near its record, but at the headquarters of ride-hailing app 99 it’s nowhere in evidence.

The country’s biggest taxi-beckoning tech company is outgrowing its Sao Paulo office after just 17 months as it seeks to quintuple its workforce in 2017 to 1,000 employees. Backed earlier this year by Didi Chuxing and Softbank, 99 is planning to expand into the rest of Latin America in the near future and is on the hunt for more capital — executives were recently in San Francisco digging around.

Even with a hefty competitor in Uber, the company sees no end in sight to the potential.

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