Company Insights Getir Food & Drink Getir Overview Getir is a Turkish food delivery company for consumers and restaurants, accessed via a mobile app. Founded in 2015, Getir expanded quickly. The company doubled its orders in the second half of 2019 to reach almost 1.5 million. It generated $120 million from sales in 2019 and, along with other rapid delivery services, it flourished during the Covid 19 pandemic. In March 2022, Getir – which means “bring” in Turkish – announced that it had raised $768 million in its Series E funding round, valuing the company at nearly $12 billion. A further round the following year valued the company at a quarter of that figure. As demand declined, Getir exited the French, Italian, Spanish and Portuguese markets in 2023, and announced in April 2024 that it would cease operations in the UK, the US, Germany and the Netherlands. Closure of all Getir’s operations outside of Turkey was completed in May 2024. In September 2024 Getir was bought by the UAE’s Mubadala Investment Company. Getir News Food & Drink UK company enters Dubai’s crowded rapid-delivery market Despite the congestion – in the market and on the streets of the UAE’s most populous city – yet another competitor, UK company Zapp, is entering Dubai’s rapid-delivery market. This is evidence there is still room for growth, analysts say. Zapp focuses on rapid grocery deliveries from its own so-called dark stores. A dark store is […] April 15, 2025 Trade UAE enters the major league of Turkish export markets Turkey’s exports to the GCC bloc rose sharply in February, driven by a strong increase in shipments to the United Arab Emirates. The UAE figures offset falls in sales to some other GCC member states. The numbers were released before the detention two weeks ago of Istanbul mayor and leading opposition figure Ekrem İmamoğlu, which […] April 3, 2025 Finance Mubadala applies to take full control of Turkey’s Getir The Abu Dhabi sovereign wealth fund Mubadala has formally applied to take full control of the Turkish grocery delivery startup Getir. Mubadala had taken a majority controlling stake in the company in June this year as part of a restructuring programme, with a capital injection of $250 million. The filing to take over Getir was […] September 6, 2024 Food & Drink Mubadala injects $250m to revive Turkey’s Getir Abu Dhabi’s Mubadala Investment Company will invest $250 million in Turkish grocery delivery startup Getir as part of a restructuring programme that will split it into two standalone units. The first standalone business will focus on domestic online groceries and food delivery services, with Mubadala, an existing shareholder, holding the management and majority stake, Reuters […] June 25, 2024 Food & Drink Turkey’s Getir exits Europe and US to focus on home market Turkish grocery delivery startup Getir has announced that it is leaving the European and US markets to focus on Turkey. Getir had already exited the French, Italian, Spanish and Portuguese markets in 2023, and will now cease operations in the UK, the US, Germany and the Netherlands. These account for 7 percent of its revenue. […] April 29, 2024 Tech Turkish fintech Midas raises $45m for new products Turkish fintech startup Midas has raised $45 million in equity funding to expand its services and launch new products. The new products include cryptocurrency trading, mutual funds and savings accounts. The funding is among the “biggest ever” Series A fund raise by a Turkish fintech and comes less than three years after Midas was launched. […] April 24, 2024 Food & Drink Mubadala-backed Getir weighs asset sales Turkey’s grocery delivery startup Getir is considering asset sales as part of its ongoing restructuring talks, according to a media report. The company, operating in five markets, including the UK, aims to sell off assets such as US online grocer FreshDirect, acquired last year, and BiTaksi, a ride-hailing app in Turkey, Sky News reported, citing unnamed […] April 17, 2024 Transport Food delivery drives Turkish motorbike sales Turkey has recorded a sharp rise in the number of motorcycles on its roads, as the online food delivery business in the country continues to expand. A total of 223,541 vehicles were registered in May, and 45.4 percent of these were motorcycles and scooters according to data published by the Turkish Statistical Institute (TSI). Cars […] June 26, 2023 Gulf delivery companies innovate to go the last mile How logistics companies in the Middle East are investing in technological upgrades to meet consumer demand for ever faster deliveries Today’s consumers increasingly expect cheap—or, better still, free—and fast delivery, especially in e-commerce, food and retail industries. In response, companies are investing to improve efficiency and cut costs in order to fund their shipping logistics. […] May 9, 2022 Posts navigation
Food & Drink UK company enters Dubai’s crowded rapid-delivery market Despite the congestion – in the market and on the streets of the UAE’s most populous city – yet another competitor, UK company Zapp, is entering Dubai’s rapid-delivery market. This is evidence there is still room for growth, analysts say. Zapp focuses on rapid grocery deliveries from its own so-called dark stores. A dark store is […] April 15, 2025
Trade UAE enters the major league of Turkish export markets Turkey’s exports to the GCC bloc rose sharply in February, driven by a strong increase in shipments to the United Arab Emirates. The UAE figures offset falls in sales to some other GCC member states. The numbers were released before the detention two weeks ago of Istanbul mayor and leading opposition figure Ekrem İmamoğlu, which […] April 3, 2025
Finance Mubadala applies to take full control of Turkey’s Getir The Abu Dhabi sovereign wealth fund Mubadala has formally applied to take full control of the Turkish grocery delivery startup Getir. Mubadala had taken a majority controlling stake in the company in June this year as part of a restructuring programme, with a capital injection of $250 million. The filing to take over Getir was […] September 6, 2024
Food & Drink Mubadala injects $250m to revive Turkey’s Getir Abu Dhabi’s Mubadala Investment Company will invest $250 million in Turkish grocery delivery startup Getir as part of a restructuring programme that will split it into two standalone units. The first standalone business will focus on domestic online groceries and food delivery services, with Mubadala, an existing shareholder, holding the management and majority stake, Reuters […] June 25, 2024
Food & Drink Turkey’s Getir exits Europe and US to focus on home market Turkish grocery delivery startup Getir has announced that it is leaving the European and US markets to focus on Turkey. Getir had already exited the French, Italian, Spanish and Portuguese markets in 2023, and will now cease operations in the UK, the US, Germany and the Netherlands. These account for 7 percent of its revenue. […] April 29, 2024
Tech Turkish fintech Midas raises $45m for new products Turkish fintech startup Midas has raised $45 million in equity funding to expand its services and launch new products. The new products include cryptocurrency trading, mutual funds and savings accounts. The funding is among the “biggest ever” Series A fund raise by a Turkish fintech and comes less than three years after Midas was launched. […] April 24, 2024
Food & Drink Mubadala-backed Getir weighs asset sales Turkey’s grocery delivery startup Getir is considering asset sales as part of its ongoing restructuring talks, according to a media report. The company, operating in five markets, including the UK, aims to sell off assets such as US online grocer FreshDirect, acquired last year, and BiTaksi, a ride-hailing app in Turkey, Sky News reported, citing unnamed […] April 17, 2024
Transport Food delivery drives Turkish motorbike sales Turkey has recorded a sharp rise in the number of motorcycles on its roads, as the online food delivery business in the country continues to expand. A total of 223,541 vehicles were registered in May, and 45.4 percent of these were motorcycles and scooters according to data published by the Turkish Statistical Institute (TSI). Cars […] June 26, 2023
Gulf delivery companies innovate to go the last mile How logistics companies in the Middle East are investing in technological upgrades to meet consumer demand for ever faster deliveries Today’s consumers increasingly expect cheap—or, better still, free—and fast delivery, especially in e-commerce, food and retail industries. In response, companies are investing to improve efficiency and cut costs in order to fund their shipping logistics. […] May 9, 2022
