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Uber Rival Gett Said to Seek Up to $400 Million in New Funds

  • Funding round said to value company at as much as $2 billion
  • Company said to have hired Wells Fargo to find investors
Updated on

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 Wells 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.