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
São Paulo-based Mottu, which rents motorcycles to delivery drivers and operates a delivery service, raised a $30M Series B and $10M in debt
a family foundation co-founded by Sequoia Capital Partner Michael Moritz — co-led the equity portion of the company's funding. Tiger Global Management participated https://techcrunch.com/...
Istanbul-based Getir, which promises an average grocery delivery time of 10 minutes, raises $38M Series A led by Michael Moritz, starts raising $100M Series B
Laura Pitel / Financial Times :
Like Theranos, many of today's tech “unicorns”, sheltered from the scrutiny of public markets, appear flimsy
The subprime ‘unicorns’ that do not look a billion dollars — It is easier to present an aura of invincibility as a private company, writes Michael Moritz