Consolidation, based on strong sources of driver supply and solid logistical systems, signals the beginning of the end of the first rev of the local on-demand economy.
Gett has announced that it has acquired Juno, a rival in the New York market. Separately, Gett’s CEO and founder Dave Waiser has told TechCrunch in an interview that the price of the deal was $200 million, although the companies are not disclosing other terms such as whether the deal was in cash, shares or a combination of the two.
Source: On-demand ride service Gett confirms acquisition of Juno for $200M | TechCrunch