What is Getir?
Founded in 2015 and headquartered in Istanbul, Turkey, Getir operates as an on-demand mobile retailer, specializing in the rapid delivery of grocery items and other essential goods. Initially serving major Turkish cities like Istanbul, Izmir, Ankara, Bursa, and Kocaeli, Getir has expanded its reach, aiming to redefine convenience for consumers through its technology-driven logistics and extensive product catalog. The company's business model focuses on providing a seamless user experience, from order placement via its mobile application to swift doorstep delivery, positioning it as a key player in the global quick commerce landscape.
How much funding has Getir raised?
Getir has raised a total of $3.1B across 8 funding rounds:
Series A
$38M
Multiple Rounds
$1.5B
Series E
$768M
Other Financing Round
$500M
Private Equity
$250M
Series A (2020): $38M with participation from Michael Moritz
Series B (2021): $128M led by Esas Holding, Goodwater Capital LLC, Tiger Global Ltd, and Fiba Group
Series C (2021): $300M supported by Tiger Global and Steamboat Ventures
Series D (2021): $550M featuring Mubadala, Tiger Global, Sequoia Capital, DisruptAD, and Silver Lake
Unspecified (2021): $555M backed by Tiger Global, Sequoia Capital, and Silver Lake
Series E (2022): $768M with participation from Alpha Wave Global, Abu Dhabi Growth Fund, Mubadala, Tiger Global, and Sequoia Capital
Other Financing Round (2023): $500M led by Mubadala and Revo Capital
Private Equity (2024): $250M supported by Mubadala wealth fund
Key Investors in Getir
Mubadala
Mubadala is a global investment company based in Abu Dhabi, United Arab Emirates, established in October 2002. Its mandate is to create sustainable financial returns, furthering the company's shareholder objective of a globally integrated and diversified economy.
Tiger Global
Founded in 2003, Tiger Global is an independent contract manufacturing and sourcing group headquartered in the United Kingdom. They are known for their significant investments in technology and growth-stage companies.
Sequoia Capital
Sequoia Capital is a venture capital firm with a global presence, known for its early investments in leading technology companies. They actively partner with entrepreneurs to build market leaders across various stages of growth.
What's next for Getir?
With substantial enterprise-level backing, Getir is poised for continued expansion and strategic development. The recent major strategic investment signals a focus on strengthening its market position, potentially through further geographic expansion, technological innovation, or operational efficiencies. This capital infusion will likely fuel initiatives aimed at enhancing its service offerings, optimizing its supply chain, and solidifying its competitive advantage against a backdrop of increasing market demand for rapid delivery services. The company's trajectory suggests a move towards sustained growth and market leadership.
See full Getir company page
