Baring Vostok is going to invest $75 mln. in Israeli GetTaxi during the $150 round. It was previously announced that $25 mln. will be also invested by Vostok Nafta. Other investors are not being revealed.
Representatives of Russian invest fund Baring Vostok signed MOU with Israeli GetTaxi. The startup will receive $75 mln. investments as a converted loan, in case the deal will be successful.
In the beginning of the month it was publicly known that GetTaxi is planning to attract $150 mln., $25 mln. invested Swedish invest company Vostok Nafta. According to Globes data Access Industries can also possibly join the deal. The received investments will be spend on development of corporate solutions in Russia and abroad.
GetTaxi is developing apps for taxi online services. The services are available in 24 cities in 4 countries – Russia, Israel, UK and USA.