Gett takes on New York

Gett takes on New York

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On-demand ride service Gett buys NYC taxi app Juno

Gett, the leader in the passenger transport market in Europe acquires JUNO, a New York taxi company for $ 200 million. The combination will increase the market share of those two companies in NYC to 13 percent. At the moment Uber controls over 70 percent of the ride-hailing market in New York. Lyft is second-ranked with a share of 20 percent. Gett is a MCI.TechVentures portfolio company.
Established in 2010, Gett is  the fastest growing market player in the United Kingdom and a strong leader in Russia and Israel. Since 2015 Gett is present in the portfolio of MCI.TechVentures fund, managed by the Polish Private Equity Managers Group (MCI Capital).

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)

Gett, formerly called GetTaxi, defines itself as an on-demand mobility company, and offers ride-hailing services in more than 80 cities around the world, including London, Moscow and New York. Gett generates most of its revenue from B2C services, while the significant competitive edge of its business model comes from B2B services. 

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