US journey app Lyft has purchased the taxi hailing exercise of Gett in London for an estimated $50 million. The sale brings to an finish Gett’s operations outdoors of Israel. Beneath its founder Shahar Waiser (now often called Dave Waiser) Gett operated in Russia, the UK, and Israel, however after Russia invaded Ukraine its Russian exercise was shut down, and the plans to drift the corporate have been shelved. Final August, Gett was bought to a gaggle of traders together with Leumi Companions, Meitav, Mizrahi Tefahot Financial institution, Phoenix Monetary, and Klirmark Capital, for $188 million, however it could seem that the group sees the corporate as primarily an Israeli asset.
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Lyft, which is named the competitor of Uber within the US within the journey ordering app market, is at the moment increasing past the US. It has acquired Freenow, one other British taxi app, for $234 million, in line with PitchBook.
At this stage, Gett subscribers can nonetheless use the unique app all through the UK. Lyft customers will be part of them by way of the American app. In 2019, Gett signed a collaboration settlement with Lyft underneath which Gett customers may order rides via Lyft within the US and Canada, however the settlement was cancelled a number of years in the past.
No response was forthcoming from Gett.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on April 23, 2026.
© Copyright of Globes Writer Itonut (1983) Ltd., 2026.
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