GETIR PUSHES BEYOND UNICORN

The on-demand grocery delivery service Getir has raised USD 550m in new funding and tripled its valuation to over USD 7.5bn. The latest round has carried the company’s total funding to nearly USD 1bn since the beginning of 2021. Getir will utilize the latest capital injection to fuel its expansion into the U.S. this year. “This latest round of funding further enables us to deliver our service to new customers in Europe, the U.S. and beyond,” said Nazim Salur, Founder of Getir. The company, which has already been backed by Tiger Global and Sequoia Capital, has added new investors including Silver Lake, DisruptAD and Mubadala Investment Company. Getir recently launched its services in Amsterdam, following its launch in London, and it will expand its operations in Europe by entering the Berlin and Paris markets in the next few weeks. The 10-minute delivery app was established in 2015 and currently offers more than 1,500 products in 30 cities in Turkey, including Istanbul, Izmir and the capital Ankara.