Gett raises $80M led by VW at a $1.4B valuation, says it will be profitable by Q1 of next year
https://techcrunch.com/2018/06/07/gett-go/
While Uber is growing its business with a net loss on its balance sheet, a smaller rival has confirmed a round of funding, and projects that it will be profitable by Q1 of next year. Gett, the transportation-on-demand startup that competes with the likes of Uber but also traditional taxi cabs, has raised $80 million led by existing investor VW with participation from other previous investors.
Post-funding, Gett is now valued at around $1.4 billion, CEO and founder Dave Waiser told TechCrunch in an interview, the first time the company has disclosed its value.
Gett raises $80M led by VW at a $1.4B valuation, says it will be profitable by Q1 of next year
Jun 7, 2018, 12:39pm UTC
https://techcrunch.com/2018/06/07/gett-go/
> While Uber is growing its business with a net loss on its balance sheet, a smaller rival has confirmed a round of funding, and projects that it will be profitable by Q1 of next year. Gett, the transportation-on-demand startup that competes with the likes of Uber but also traditional taxi cabs, has raised $80 million led by existing investor VW with participation from other previous investors.
> Post-funding, Gett is now valued at around $1.4 billion, CEO and founder Dave Waiser told TechCrunch in an interview, the first time the company has disclosed its value.