Getir sets sights on US as it wraps major funding round
Getir, a Turkish rapid grocery delivery startup, has 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 marks Getir's third round of investment in 2021, with nearly $1 billion raised since the beginning of the year. It will utilise 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,” says 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.”
Sign up for our free retail technology newsletter here.
Featured
-
Southeastern Grocers, parent company of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, is deployi… https://t.co/Q5En8j6cEc -
Check out the week's coolest retail technology plays, including @obsessVR @OcadoGroup @AEON_JAPAN @braincorp… https://t.co/RH2BIf6Jol
-
RTIH presents the retail technology week in numbers, including @CovariantAI @RetailTechShow @DennysDiner… https://t.co/WURUUgdCr0
-
Our Editor @ScottThomps74 rounds up the biggest retail tech stories from the past week including @BootsUK… https://t.co/IWj7BebUB1
Continue reading...