Turkish delivery company Getir raises $555M at a $7.5B valuation

Turkish rapid delivery company Getir, which raised $428 million in two funding rounds in January and March, announced that it has raised $555 million in the latest funding round at a $7.56 billion valuation. 

Raised almost $1 billion so far in 2021, Getir has tripled its valuation  from March. While continuing its expansion in Europe including Germany, the Netherlands, and France, with this investment, the company is planning to expand its operations to the United States in the second half 2021. Getir will launch in Paris and Berlin this month. 

“Our model and approach to ultrafast delivery is thriving and this latest round of funding further enables us to deliver our best-in-class service to new customers in Europe, the United States and beyond,” founder and Chief Executive Nazim Salur said in a statement.

Silver Lake, Mubadala Investment Company, and DisruptAD joined the latest funding round. 
Getir, which raised $128 million with a valuation of $850 million in January, had announced that it raised $300 million at a valuation of $2.6 billion at the end of March. Tiger Global, Sequoia Capital, Brazil-based Base Partners, Revo, Esas, and Fiba were among the investors in previous rounds.

Written by Sophie Blake

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