After a 90% crash – Get Taksi makes profits

by time news

The Swedish investment fund VNV reports that the taxi ordering application in which it controls (48.8%) – Get Taksi – is recording profits for the first time after falling in about a year and a half from an estimated value of about 2.5 billion dollars to only about 270 million dollars.

The Swedish fund VNV states in the reports that despite the drop in the value of the company and its activity, specifically in Israel there is a good growth of over 30%, this is apparently as a result of the blocking of the company Uber from entering and operating in Israel.

Get Taksi was supposed to merge with the SPAK and be issued on the stock exchange, but in the end the move did not come to fruition. Another blow for her was Russia’s war in Ukraine. The activity in Russia was significant for a ceremonial divorce and the invasion of Ukraine forced her to leave Russia due to restrictions and sanctions.

The application is a location-based service that allows taxi drivers and passengers to communicate with each other directly, and among other things to coordinate a pickup, make a payment and give feedback.

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