Turkish company founded in 2015 valued at $7.5bn as investors race to buy into ultrafast grocery delivery
The fast-track grocery delivery firm Getir is set to expand into the US, France and Germany after raising more than $550m in a funding round that values the Turkish company at more than $7.5bn.
At that valuation, Getir, founded in 2015, is worth more than the takeaway courier group Deliveroo and big retailers such as Marks & Spencer and Morrisons. Investors are racing to get a foothold in the rapidly developing market for groceries which can be delivered in less than 20 minutes from local “dark stores”.