Confirmed: Gett Buying Juno For $200M

By NoCamels Team April 27, 2017 Comments

Gett

April 27, 2017 |  Gett, the Israeli taxi haling app has confirmed it is acquiring ridesharing app Juno. No financial details were disclosed but Gett (formerly GetTaxi) founder and CEO David Waiser told “Techcrunch” that the price of the deal is $200 million, although he did not say whether the payment would be in cash or shares. Gett has raised $513 million to date including a $300 million investment from Volkswagen last year.  “This current deal provides a really enormous opportunity for expansion,” Waiser said. Juno was founded in New York in 2016 by the Israeli founder of messaging app Viber, CEO Talmon Marco, which was sold to Japan’s Rakuten in 2014 for $900 million. Juno is a taxi app based in New York whose declared aim is to compete with Uber.

 

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