Gett gets $100m from Rus­sian bank

China Daily (Hong Kong) - - BUSINESS -

Gett Inc, an on­line taxi ser­vice that com­petes with Uber Tech­nolo­gies Inc, at­tracted a $100 mil­lion ven­ture loan from Rus­sia’s largest lender, Sber­bank PJSC, to fund growth in the coun­try and be­yond, ac­cord­ing to a state­ment. Sber­bank said the seven-year loan gives it an op­tion for an undis­closed num­ber of Gett shares. Other terms weren’t pro­vided. Gett, a Tel Aviv-based taxi-or­der­ing ap­pli­ca­tion, has a strong foothold in Is­rael and the United Kingdom, as well as Rus­sia, and is seek­ing fur­ther ex­pan­sion.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.