Istanbul-based delivery startup Getir closes its acquisition of Berlin-based rival Gorillas, valuing the group at $10B, and sources say Gorillas alone at ~$1.2B
Combined group worth $10bn represents a fall in valuation as investors turn against lossmaking tech start-ups
The saga is over! Getir closed its deal for grocery app rival Gorillas in $1.2bn acquisition. Gorillas's CEO expected to leave and some of his investors may see little to no return: https://www.ft.com/...
Huge takeover in the so-called quick commerce sector - Getir is buying Gorillas. Massive consolidation on a heavily loss-making sector. Good write-up here from the FT (£) https://www.ft.com/...
Scoop: Getir's Gorillas deal is done. - Gorillas valued at $1.2bn, mostly in equity with $40mn cash - Getir valuation taking a cut at the same time, down 25% since March to $8.8bn - $10bn valuation on combined group https://www.ft.com/...