This site uses cookies to ensure the best viewing experience for our readers.
Gett is on the Lookout for Buyers, Bloomberg Reports

Gett is on the Lookout for Buyers, Bloomberg Reports

Citing people familiar with the matter the report says the company has approached potential bidders including car-hire firms.

CTech | 16:21  18.11.2018

Israel-based ride-hailing company Gett Inc. is on the lookout for buyers, according to a Friday Bloomberg report. Citing people familiar with the matter the report says the company has approached potential bidders including car-hire firms. Deliberations are preliminary and the company may also weigh listing, or selling a minority stake, according to the report.

For daily updates, subscribe to our newsletter by clicking here.

“As Gett is on a clear path towards profitability globally in the first half of 2019, it should not be surprising that Gett may receive inbound inquiries from strategic partners,” a company spokesman said.

A Gett taxi. Photo: Gett A Gett taxi. Photo: Gett A Gett taxi. Photo: Gett

Founded in 2010, Gett offers its services, in Israel, where it is by far the most dominant ride-hailing app, Russia, the U.K. and New York. Backed by German carmaker Volkswagen, Gett raised $674 to date.

On Friday, Russian technology company Yandex N.V., announced its intention to roll out a taxi booking service in Israel under the brand name Yango.
share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS