Getir, a Istanbul, Turkey-based grocery delivery company, closed a $768m Series E funding round, bringing the valuation to $11.8 billion.
The round was led by Mubadala Investment Company, with participation from Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global.
The company, which has raised $2 billion to date, intends to use the funds to expand within the countries in which it operates.
Since January 2021, Getir has been successfully realizing its ambitious expansion plans across Europe and the US, now reaching a total network of over 1,100 g-stores and close to 40 million app downloads across 9 countries, delivering almost one million orders daily. The latest investment will be utilized to
Founded in 2015 by Nazim Salur (founder of BiTaksi, Turkey’s leading taxi app), Serkan Borancili (founder of GittiGidiyor which was acquired by eBay in 2011) and Tuncay Tutek (ex-PepsiCo and P&G executive in Europe & the Middle East), Getir is a last-mile delivery company offering approximately 2,000 everyday items to its customers in minutes, 7 days a week, day and night. The company is now operating in all 81 cities of Turkey and has launched operations in the UK in January, in the Netherlands in May, Germany and France in June, Spain and Italy in September, Portugal in October and the United States in November 2021.
FinSMEs
18/03/2022