As Uber gears up for an IPO, one of its smaller rivals has raised some money as it prepares to take its own turn on the public market. Gett — the ride-hailing startup that focuses primarily on the business market, currently in Israel, the UK, Russia and New York — has picked up $200 million in a mix of debt and equity at a post-money valuation of $1.5 billion. Gett’s founder and CEO Dave Waiser said in an interview that this will likely be the last round the company takes before an IPO by Q1 of 2020.
He also projects that the company will be operationally profitable — Ebitda positive and breakeven — by the end of this year.
“We are still thinking about the venue,”