Driver-friendly ride-hailing apps Gett and Juno are combining

Ride-hailing app Gett today confirmed that it will acquire Juno, another app in the on-demand transportation industry, for $200 million, reports TechCrunch. The deal will combine Juno’s network of New York City-based drivers under Gett’s and continue to offer drivers a 10 percent commission rate while giving them 100 percent of tips. (Uber’s commission ranges between 20 to 25 percent.)

Juno launched in New York City just one year ago, and initially pitched itself toward drivers, not riders. It promised to be a more “ethical ride-sharing app,” offering drivers $50 a week to keep the app open during normal work hours and a rating system that deducted 5 percent of their lowest ratings on a weekly basis.

In light of recent press around Uber’s shady business practices, consumers have been rapidly switching to competitors like Juno, Lyft, and Gett. Just a few days after the #DeleteUber campaign began in January, Lyft surpassed Uber in app downloads for the first time ever. Gett also reported that in the last quarter, its revenue and rides completed grew 100 percent.

Gett currently services 100 cities worldwide, including New York, Tel Aviv, London, and Moscow. Its acquisition of Juno aims to help it further expand in the United States.

Source:

http://www.theverge.com/2017/4/26/15436222/gett-acquires-juno-driver-friendly-ride-hailing-apps

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