On-demand ride service Gett buys NYC taxi app Juno
According to the number of rides and passengers, the market of ride-hailing market in New York can be compared to the whole British or Russian landscape. The acquisition of JUNO will strengthen Gett's position in NYC. Already in 2016 the number of courses made by Gett drivers was much higher then by cars driving for Lyft. From the European perspective - bearing in mind the recent developments in Germany, France and Italy, which hit Uber - Gett has a real chance of becoming one of the world's largest providers of on-demand transport services in the next upcoming years.
Maciej Kowalski, Investment Partner at Private Equity Managers (MCI Group)