Turkey approves Uber's $335M deal to buy Getir's delivery business, tied to a $500M investment pledge in Turkey; Uber is also paying $100M for a 15% Getir stake
The regulator's approval, tied to a $500m investment pledge, lets Uber fold Getir into its Turkish operation.
London lawsuit: Getir co-founders Nazim Salur and Serkan Borançılı sue Abu Dhabi's Mubadala for $700M, alleging a “significant loss” in breaking up Getir assets
Entrepreneurs behind food delivery start-up sue Gulf sovereign wealth fund in London
Turkish grocery delivery startup Getir agrees to a restructuring that will see Mubadala lead a $250M injection and acquire control of Getir's grocery operations
Ivan Levingston / Financial Times :
Getir plans to close its quick grocery delivery operations in the US, the UK, and Europe to focus on its home market of Turkey, impacting 6,000+ jobs
Ingrid Lunden / TechCrunch :
Sources: Turkey-based grocery delivery startup Getir is raising $500M from Mubadala, Michael Moritz, and others at a $2.5B valuation, vs. $11.8B in March 2022
Istanbul-based grocery app company, which had been valued at nearly $12bn in early 2022, raises $500mn
Sources: Istanbul-based grocery delivery startup Getir is in talks to acquire German rival Flink, which also is seeking to raise ~$100M at a $1B+ valuation
Discussions come as consolidation accelerates in one of the pandemic's hottest tech sectors — Grocery delivery app pioneer Getir …
Europe's rapid delivery market has consolidated down to three companies: Getir, the largest player that operates in seven European countries, Flink, and Gopuff
Morgan Meaker / Wired : Tweets: @wired and @gergelyorosz Tweets: @wired : Rapid grocery delivery apps are leaving the continent, putting the Turkish startup, Getir on top. But, its reign is anything ...