Ride hailing firm Gett to raise $350 million: media

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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

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