Lyft buys Gett’s London taxi-hailing operation
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 exterior of Israel. Beneath its founder Shahar Waiser (now often known as 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 offered to a gaggle of traders together with Leumi Companions, Meitav, Mizrahi Tefahot Financial institution, Phoenix Monetary, and Klirmark Capital, for $188 million, however it might seem that the group sees the corporate as primarily an Israeli asset.
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Lyft, which is called the competitor of Uber within the US within the experience ordering app market, is presently 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 through the American app. In 2019, Gett signed a collaboration settlement with Lyft underneath which Gett customers might order rides via Lyft within the US and Canada, however the settlement was cancelled a couple 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.
