Getir, an instant delivery firm, has raised US $768 million in a new Series E fundraising round on 17th March 2022, following this transaction, the corporation was valued at US $11.8 billion.
The financing is led by Mubadala Investment Company, with participation from Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital, and Tiger Global.
How does it work?
Getir has created dense networks of micro-fulfillment facilities in dozens of cities behind the scenes. Getir is the owner and operator of such dark stores and the inventory of merchandise.
It delivers items as fast as possible by a delivery person on a bike or moped scooter. According to the company’s website, you can expect to receive your order in “minutes.” In reality, you should receive it in 20 to 40 minutes.
What the founder has to say:
Getir founder Nazim Salur said in a statement:
“We are defining the ultrafast delivery sector, and Getir’s status as an industry pioneer is reflected in this latest round of funding. We can’t afford to stand still in such a dynamic and competitive market. This investment will allow us to improve our offering and technology further, as well as invest in our people so that we can continue to recruit the most incredible talent,”
About Getir:
Getir, which originated in Turkey, has quickly expanded its service across Europe and the United States. Getir, unlike standard supermarket delivery services, allows you to order groceries without needing to schedule a delivery time. Getir begins working on your order as soon as you email it.
Getir has created dense networks of micro-fulfillment facilities in dozens of cities behind the scenes. Getir is the owner and operator of such dark stores and the merchandise inventory.
The company has received 40 million app downloads from nine different nations. Getir is in charge of 1,100 dark businesses in total. Because this is a capital-intensive market, these quick delivery startups have raised mega-round money.
Getir has a stronghold in Turkey, with operations in 81 cities. The corporation covers 48 cities in the United Kingdom, Germany, France, Italy, Spain, the Netherlands, Portugal, and the United States for all other markets.
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