Getir has closed a fundraising round with a valuation of $12 billion
- ByStartupStory | March 19, 2022
Getir, a Turkish quick delivery startup, announced on Thursday that it has concluded a $768 million investment round, valuing the company at over $12 billion, only months after expanding to the United States. Mubadala led the series E fundraising round. The investment round included notable investors such as Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital, and Tiger Global.
The instantaneous Istanbulites look to be capturing the crown in the ultra-competitive delivered-to-your-door-before-you-can-press-send groceries space. Across Europe and the United States, the company now has over 1,100 g-stores and close to 40 million app downloads, delivering about one million orders per day.
Getir, founded in Istanbul, pioneered the 10-minute delivery category for clients who buy by a smartphone app, with riders spreading out from neighbourhood warehouses that supply vital items. The company has 48 locations in seven European nations, the United States, and all of its own country’s major cities.
Last year, Getir raised $1 billion in three investment rounds, the most recent of which valued the company at more than $7.5 billion.
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