Turkish Rapid Delivery Startup Getir Triples Valuation to USD 7.5 Billion

The Turkish rapid delivery startup Getir raised its valuation to USD 7.5 billion after raising USD 550 million funding, just three months after its last funding round in March 2021, Financial Times quoted.

With this valuation, Getir worths more than food delivery applications Deliveroo and Grubhub, as well as UK supermarkets WM Morrison and Marks & Spencer, FT says.

Getir's new investors included two subsidiaries of the Abu Dhabi sovereign wealth fund, DisruptAD and Mubadala Investment Company, as well as Silicon Valley-based Silver Lake and existing investors Tiger Global and Sequoia Capital.

Launching operations in London this year, Getir recently expanded into Amsterdam and plans to expand to Germany, France, and the US in 2021.​

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