Gett to Buy Juno for $250 Million, Report

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Israel-based taxi haling Gett, formerly called GetTaxi, is acquiring ride sharing app Juno for $250 million, according to Techcrunch report.

New York based Juno was founded in 2016 by an Israeli, Talmon Marco, the founder of messaging app Viber, which was sold to Japan’s Rakuten in 2014 for $900 million. The biggest-ever buyout of an Israeli tech company by an Asian firm, at the time.

and offers its drivers shares in the company.

From first days little Juno declared to compete with giant Uber which offers service in hundreds of cities worldwide and is reportedly worth $60 billion.

Drivers Will Own Stake in Juno New Israel Uber Beater

Juno is only active in New York City. When Uber was excused for mistreatment of drivers, Juno’s slogan set to be “Juno treats drivers better. Drivers treat you better.” Juno said it is friendlier, takes a lower commission from drivers and offers its drivers shares in the company.

Lyft is available in dozens of US cities. Just earlier this month, Lyft announced that it had closed a $600 million round of funding at a $7.5 billion valuation.

Founded by CEO Shahar Waiser, Gett has raised $513 million to date including a $300 million investment from Volkswagen last year. Gett is strong in its homeland Israel, as in more than 80 cities around the world, including London and Moscow but has struggled to gain a foothold in New York and elsewhere in the US.

 

 

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