Getir Raises $768 Million at $12 Billion Valuation

Getir is an instant grocery delivery startup. The difference from traditional delivery services is that Getir lets its customers make an order without choosing a delivery slot. As soon as the order was made, the service starts working on it. It is possible to receive the order in “minutes”.

The Series E funding round was led by Mubadala Investment Company. Along with it, Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital, and Tiger Global also took part in the round. With these investments, Getir became the first European delivery decacorn. This money is planned to be used for further conquering and dominating the active market.

Getir, Turkey, was founded by Arkady Volozh, Mert Salur, Nazım Salur, Serkan Borançılı, Tuncay Tütek in 2015. Besides operating in 81 Turkish cities, Getir also operates in 9 countries – France, the UK, Germany, Spain, Italy, Portugal, Netherlands, and the USA – covering 48 cities. The company has a big network of micro-fulfillment centers in urban areas, approximately its number reaches 1100. The Getir app has more than 40 million downloads. “We are defining the ultrafast delivery sector and this latest round of funding is a testament to Getir’s position as an industry pioneer. In such an exciting and competitive market we cannot afford to stand still,” Nazim Salur, founder and CEO.

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