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
Sources: Istanbul-based delivery startup Getir is in advanced talks to acquire Berlin-based Gorillas in a cash and equity deal; Getir raised $768M in March
Bloomberg :
Sources: delivery startup Gorillas, which raised $1B in October 2021, is cutting staff, reducing free-spending policies, and considering closing four warehouses
Aggi Cantrill / Bloomberg : Tweets: @mhbergen , @shiraovide , @aulia , @cdanuloff , @eliotwb , and @aggichristiane Tweets: Mark Bergen / @mhbergen : “A Slack channel set up for employees to flag susp...
After delivery startup Gorillas raised $1B in October, sources say it is drastically cutting costs, reducing staff benefits, and considering closing warehouses
After Germany's rapid food delivery startup Gorillas Technologies GmbH closed a $1 billion funding round last October … Tweets: @eliotwb , @aggichristiane , @cdanuloff , @aulia , and @shiraovide Tweet...
Delivery startup Gorillas lays off half its “global office workforce”, around 300 people, and will reassess its operations in Italy, Spain, Denmark, and Belgium
An unsustainable business or just a side effect of the tech downturn? — Grocery app Gorillas … Source: gorillas.io .
Berlin-based grocery delivery startup Gorillas raises nearly $1B, including $235M from Delivery Hero, at a ~$3B post-money valuation
Delivery Hero SE invested $235 million in Gorillas Technologies GmbH, part of a nearly $1 billion funding round for the Berlin-based grocery startup.
Current and former employees at German grocery delivery startup Gorillas describe arbitrary firings and exploitation of riders and warehouse workers
“It's like the new WeWork story,” says Ben*, who joined Gorillas' operations team last summer in Berlin. — The comparison to coworking company WeWork is a brutal one. Tweets: @siftedeu , @fpratty , ...
Berlin-based Gorillas, a same-day grocery delivery service, raises $290M Series B at a $1B+ valuation led by Coatue Management, DST Global, and Tencent
Steve O'Hear / TechCrunch :