Gett gets $100m from Russian bank
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.