Getir operates as a large food delivery company. The article lists a $250M fundraising for Getir. It also reports the company is restructuring into two separate businesses. The piece frames the raise as one of the week's notable and big funding rounds. No revenue, user metrics, investors, or instrument details were provided in the article. Getir is described in the announcement as one of the world’s leading logistics and technology companies offering hyper-fast delivery. Its core product is a hyper-fast delivery service built on logistics and technology capabilities. The company has, according to Flat Capital, demonstrated a dominant position despite a challenging market. Prominent investors are on its shareholder list, including Sequoia Capital and Mubadala Investment Company. Flat’s continued investment signals investor confidence and an expectation of opportunities to continue growing and creating a unique position in attractive markets. Getir operates an ultrafast grocery delivery service that uses company-owned micro-fulfillment centers (dark stores) and owned inventory to assemble orders for bike and scooter couriers. Customers can place orders without selecting delivery slots and typically receive deliveries within about 20–40 minutes. The company has expanded rapidly from its origins in Turkey to operate across nine countries, including the U.K., Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. Getir reports roughly 40 million app downloads and manages about 1,100 dark stores. It is dominant in Turkey (operating in 81 cities) and covers 48 cities across its other markets. Management says the company will invest further in its proposition, technology and employees to continue growing in a capital-intensive, crowded market. Getir operates a rapid grocery delivery service that offers around 1,500 everyday items delivered to customers in minutes, seven days a week, day and night. The company runs multiple sub-brands including GetirFood, GetirMore, GetirWater and GetirLocals. It is active in 30 cities across Turkey and launched operations in the UK in January 2021 and the Netherlands in May 2021. Getir intends to use the new funding to continue its expansion into the United States. Financially, the company raised significant capital in 2021, marking this as its third round of the year and contributing to nearly $1bn raised since the start of 2021. Founded in 2015 by Nazim Salur, Serkan Borancili and Tuncay Tutek, Getir leverages founders' backgrounds in local taxi apps, e‑commerce exits and consumer goods leadership. Getir is an Istanbul-based startup founded in 2015 that operates a grocery delivery app offering deliveries in as little as ten minutes. Customers order groceries via its mobile app, and the company has begun international expansion, recently launching service in London. Getir reported that its revenues grew five-fold in 2020. The company has been an active fundraiser amid a broader investor rush into grocery delivery apps during the pandemic. Market interest is driven by accelerated consumer adoption of online grocery delivery in Europe.

Total raised

$2.0B

Funding rounds

6

Latest round

Equity

Latest activity

Jun 2024