Gett GetTaxi GetTaxi Rus

History

2022

Shutdown in Russia amid conflict in Ukraine

On May 16, 2022, Gett sent a letter to taxi parks in Russia that it was terminating work in the country on May 31. This will be the last day of the application, after which the service will not send orders to partners. The decision was made against the background of the ongoing special operation of Russia in Ukraine.

Founder Weiser Dave resigned as CEO after 10 years in charge

On May 4, 2022, Gett founder Dave Weiser resigned as CEO of Gett after 10 years in charge of the service. He left the taxi aggregator to create a new company. More details here.

2021: Attracting $115 million of investments

In January 2021, Gett closed the investment round, as a result of which the taxi ordering service attracted a total of $115 million. It is noted that most of the amount ($100 million) was received by the company in June 2020.

Pelham Capital Investments, which had not previously invested in Gett, took part in the financing round. Also, several current investors invested in the service. Gett intends to use the funds raised to further develop its cloud platform and expand its global business.

Gett taxi service attracted $115 million in investments to expand and prepare for IPO

We are on a path to transforming corporate land transportation, and I am pleased that investors are finding our model attractive, "says Gett CEO Dave Waiser, commenting on the closing of the funding round. - These investments will allow us to further develop our technology SaaS and expand our offerings in the corporate land transportation market.

According to Crunchbase, from its founding in 2010 until January 2021, Gett raised a total of $913 million from Volkswagen, Access and its founder Leonard Blavatnik, Kreos, MCI and other investors.

Gett planned to enter the exchange in the first quarter of 2020, but the IPO for unknown reasons did not take place. For listing, the company sold shares and borrowed $200 million. Funds from the investment round closed in January 2021 are expected to go to prepare for the IPO.

Gett Chairman Amos Genish says the investment raised has exceeded expectations, indicating interest in the platform and the company's long-term vision.

There are clear parallels between Gett and companies such as Amadeus or Sabre Group, which 20 years ago improved the quality of travel reservations in the highly fragmented air travel sector, as well as Booking.com that changed the hotel market. Gett follows the same path, "he said.[1]

2019

Anatoly Smorgonsky - the new CEO of Gett in Russia

On October 22, 2019, it became known about the appointment of Anatoly Smorgonsky as the new general director of the Russian division of the Gett taxi ordering service. He will officially take office on December 1, 2019, and the acting in this post Maxim Zhavoronkov will return to the position of financial director. More details here.

4% share in the taxi services market in Russia

• Taxi Market Research (Analytical Center under the Government of the Russian Federation. October 8, 2019 Presentation in PDF)

2018: Revenue - 4.75 billion rubles; net loss - 2.27 billion rubles

The net loss of Gettaxy Rus LLC (operating under the Gett brand ) in 2018 was equal to 2.27 billion rubles, a decrease of 8% compared to the previous year. As for revenue, Gett in Russia has amounted to 4.75 billion rubles, an increase of almost a third relative to income a year ago.