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. The company has established a strong presence across major Turkish cities including Istanbul, Izmir, Ankara, Bursa, and Kocaeli. Getir's business model is centered on providing a seamless and swift delivery experience, leveraging technology to meet immediate consumer needs for convenience and speed in urban environments. The company's expansion into various markets highlights its ambition to capture a significant share of the global quick commerce market.
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, Fiba Group, Goodwater Capital LLC, and Tiger Global Ltd
Series C (2021): $300M supported by Tiger Global and Steamboat Ventures
Series D (2021): $550M featuring Mubadala, Tiger Global, Sequoia Capital, Silver Lake, and DisruptAD
Unspecified (2021): $555M backed by Sequoia Capital, Tiger Global, and Silver Lake
Series E (2022): $768M with participation from Mubadala, Tiger Global, Sequoia Capital, Alpha Wave Global, and Abu Dhabi Growth Fund
Other Financing Round (2023): $500M led by Revo Capital and Mubadala
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, focused on creating sustainable financial returns and diversifying the economy.
Tiger Global
Tiger Global is an independent contract manufacturing and sourcing group headquartered in the United Kingdom, known for its investments in various sectors.
Sequoia Capital
Sequoia Capital is a venture capital firm with a strong track record of partnering with entrepreneurs to build global market leaders across technology and other sectors.
What's next for Getir?
The substantial enterprise-level funding secured by Getir indicates a strategic push for further scaling and market penetration. This capital infusion is likely to be directed towards expanding its operational footprint, enhancing its technological infrastructure for more efficient logistics, and potentially exploring new product categories or service offerings. Given the competitive landscape, Getir's strategic investments will be crucial for maintaining its growth trajectory and solidifying its position as a leader in the on-demand delivery space. Future developments may include further international expansion and strategic partnerships to bolster its supply chain and delivery network.
See full Getir company page
