Gett provides an app-based platform that lets businesses order and manage ground transportation for employees, consolidating fragmented local services into a single corporate travel-management and expense-analysis SaaS. The company says it can save clients roughly 25–40% in travel costs and previously reported a network covering about 1,500 cities. In metros such as London and Moscow Gett operates directly; in markets without direct operations, including the U.S., it partners with third parties like Lyft. Over time Gett has shifted from consumer-facing ride-hailing to focus mainly on B2B corporate accounts and SaaS development. Management says the business is operationally profitable and is meeting its budget targets. The company plans to double down on its corporate ground-travel proposition and further develop its SaaS technology. Gett operates a B2B-focused on-demand ride-hailing service and corporate mobility SaaS, offering analytics, invoicing and ground-transport procurement to businesses. It serves roughly 15,000 corporate customers, including about one-third of the Fortune 500, and provides rides across some 1,500 cities via a mix of direct operations and third-party partnerships. Gett claims its services undercut other ground-transport options by roughly 25%. The company turned operationally profitable in December 2019, reached profitability in each of its core markets in June, and says it is on target to be cash-flow positive in 2021. Gett has shifted away from consumer growth toward corporate accounts and scales via partnerships such as a 2019 deal with Lyft while maintaining direct operations in key markets like London and Moscow. It plans to grow its corporate SaaS internationally and is considering a potential IPO as part of its expansion strategy. Gett operates a B2B-focused ride-hailing service and a corporate product called Get Business Solutions, targeting higher-end customers and companies. It runs in a limited footprint — Israel, the UK (including a service for London black cabs), Russia and New York (branded as Juno). The company emphasizes profitability discipline and projects operational profitability (EBITDA positive and breakeven) by the end of the year. As of Q4 2018, Get Business Solutions had 20,000 corporate customers, up 63% year-over-year. Gett positions itself as an alternative to larger competitors by prioritizing margin improvement alongside revenue growth and a pared-down growth strategy. The company’s New York arm, Juno, is described as contribution-margin positive and a solid number three in that market. Gett operates a ride-hailing service focused on core rides with an emphasis on business users and higher-quality service standards. The company is active in 120 cities globally, with New York, London and Moscow its biggest markets; New York and London together account for roughly half of its revenue. Gett reports a run rate of about $1 billion per year and says most revenue and profit come from its 13,000 large enterprise customers. The company enforces high driver standards (drivers must have a 4.8 rating or higher in New York) and has grown NYC largely without a marketing budget; it operates in New York as Juno after a ~$200M acquisition. Gett says the newly raised funds will bring it to profitability across all markets by Q1 of next year and allow it to focus on future milestones only after reaching profitability. Gett operates an on-demand ride service with operations in 100 cities and a strategic emphasis on business users rather than consumer rides. It partners with large corporates and established car firms, notably a strategic partnership with Volkswagen announced earlier this year. Gett delivers exclusive benefits to Sberbank customers and employees and its service is available in 57 Russian cities through that partnership. The company positions itself as a platform that brings together established car firms and ride providers instead of relying on 'anyone' becoming a driver. Gett trails far behind competitors like Uber in global footprint, revenues and funds raised, but is pursuing growth via corporate partnerships and bank financing. Financially, it has raised $622 million to date including the latest financing referenced in the article.

Total raised

$952M

Funding rounds

10

Latest round

Equity

Latest activity

Jan 2021