You are here

Uber rival looks to raise up to $400 million to keep pace

The company last raised $150 million in 2014, with a total of more than $200 million Gett has hired Wells Fargo to find investors, which could value the startup at as much as $2 billion The company last raised $150 million in 2014, with a total of more than $200 million

Gett Inc., a taxi-ordering application that competes with Uber Technologies Inc., is seeking to raise $300 million to $400 million in a private-funding round, according to people familiar to the matter.

The company has hired Well Fargo & Co. to find investors for the round, which could value the startup at as much as $2 billion, said the people, who asked not to be identified because the plans aren’t public. Gett’s plans for the financing aren’t final, they said.

Read Complete Article