Ride hailing firm Gett to raise $350 million: media
TEL AVIV (Reuters) – Israel-based experience sharing app Gett is within the technique of elevating $350 million after plans to boost a bigger sum of cash didn’t pan out, Israeli information web site Calcalist reported on Thursday.
Calcalist, a number one monetary day by day in Israel, reported that one cause Gett has had some hassle attracting buyers is because of its comparatively excessive valuation of $2 billion.
Gett Chief Government Dave Waiser, requested concerning the Calcalist report on the sidelines of a Techcrunch convention, declined to remark.
Gett, in accordance with its web site, has raised up to now $640 million, together with a $300 million funding from Volkswagen (VOWG_p.DE) in 2016. On the time Gett was valued at about $1 billion, Calcalist reported.
Final 12 months Gett purchased U.S. rival Juno for $200 million.
The Gett app lets prospects e-book on-demand rides or pre-book rides for later.
Reporting by Tova Cohen, Enhancing by Ari Rabinovitch