Competitor “Yandex.Taxi” gathered on stock exchange

Taxi service Gett Taxi and Yandex.Taxi competitor gathered to go out on the stock exchange. According to The Wall Street Journal, the company is preparing to merge, which will help her to become public with a rating of $ 1.1 billion.

According to newspaper sources, now gett is close to the transaction with Rosecliff Acquisition. This SPAC company, which is created to exit others to the stock exchange. It is assumed that, within the framework of this transaction, GetT will be able to attract about 30 million dollars of private investment. The merger is another gett attempt to reorient work after closing the JUNO car rental service in 2019, indicates The Wall Street Journal.

The company has already planned an IPO in 2020, then the service was able to attract 200 million dollars from its shareholders and reached $ 1.5 billion. In January 2021, Gett closed the round of investments by 115 million dollars. In total, from the moment of founding in Gett, they attracted $ 913 million from Volkswagen, Access and its founder of Leonard Blavatnik, Kreos, MCI and other investors.

Gett is founded in 2010 in Israel by Schahar Weisoner. Two years later, she appeared on the Russian market. On the company’s website it is noted that today you can order a taxi in 1000 cities and settlements of Russia – from Kaliningrad to Vladivostok.

/Media reports.