Getir acquires rival rapid grocery delivery venture Weezy
Turkish rapid grocery delivery venture Getir is to acquire UK founded rival Weezy.
Financial terms of the deal were not disclosed.
Earlier this year, Weezy raised $20 million in Series A funding to expand its ultra fast grocery delivery service across London and the UK.
Founded in 2015, Getir launched in the UK in January and delivers across London, Birmingham, Manchester, Brighton, Cardiff, Liverpool and Bristol. It expects to operate in up to 15 UK cities by the end of 2021.
The venture recently concluded a Series D funding round, raising over $550 million and taking the company's valuation to over $7.5 billion.
Investors included Tiger Global and Sequoia Capital, Silver Lake, DisruptAD, and Mubadala Investment Company.
This marked Getir's third round of investment in 2021, with nearly $1 billion raised since the beginning of the year. It is utilising the latest capital injection to fuel its expansion into the United States.
"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,” said Nazim Salur, Founder, Getir.
“There is great appetite for Getir and rapid grocery delivery. As the pioneers of the market, we continue to stand out by constantly innovating to provide the industry standard.”
