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A Mobile App That Makes Hailing a Taxi Easier and More Efficient No more waiting for a ride. Hailo aims to connect passengers and taxis within two minutes in cities all over the world.

By Katherine Duncan

Opinions expressed by Entrepreneur contributors are their own.

One day in 2011, three internet entrepreneurs set up a meeting with three cab drivers in a London cafe. Many hours later, they emerged as the six founders of Hailo, a mobile app that connects taxi drivers with passengers.

One of the 'treps, New York native Jay Bregman, harbored a near-obsession with the "fundamentally inefficient" taxi industry that stemmed from his previous venture, a highly successful same-day delivery company.