Business

Getir is worth over $7.5 billion

Getir reached a valuation of $7 billion 555 million with an investment of $555 million in its last investment round.

Receiving a total investment of close to $1 billion in the first 6 months of 2021, Getir increased its value approximately 9 times in 5 months. With this investment, the company continued its growth in Turkey and Europe. The company reported that it is preparing to enter the American market in the second half of the year.

In the last investment round, Sequoia Capital and Tiger Global continued to invest in Getir, while Silver Lake, DisruptAD and Mubadala Investment Company became some of the new investors of Getir.

“TECHNOLOGICAL BUSINESS MODELS ARE COMING FROM TURKEY”

Getir Founder Nazim Salur said, “Getir’s reaching this value shows how an original idea such as 10-minute delivery arouses interest in the world when blended with technology. This is actually an indication that new technological business models may emerge from Turkey. With the new resource, we will continue to expand our business in Turkey faster and to popularize this two-syllable Turkish word in new countries.”

GETIR WILL REACH 6 COUNTRIES BY THE END OF THE YEAR

Currently serving in Turkey, England and the Netherlands, Getir will start its operations in Paris and Berlin in June. Aiming to enter the American market in the last quarter of the year, Getir will reach 6 countries by the end of the year.

In the last investment round, Sequoia Capital and Tiger Global continued to invest in Getir, while Silver Lake, DisruptAD and Mubadala Investment Company became some of the new investors of Getir.

Source: Sabah / Translated by Irem Yildiz

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