Getir becomes Unicorn with a valuation of 2.6 billion USD
Getir, which launched ‘the grocery delivery in approximately 10 minutes’ model in the world for the first time in 2015, reached a valuation of 2.6 billion USD with a new investment of 300 million USD and succeeded in becoming the Unicorn in 5.5 years. Getir aims to increase the number of countries it serves to 5. Germany, France and the Netherlands are among the targets of Getir, which made a rapid entry to London at the end of January after the investment received in the second round. Planning to start service in the first half of 2021 in new countries, Getir started to receive job applications to create strong teams.
Silicon Valley based Sequoia Capital, one of the new investors, and New York based Tiger Global from existing funds, took the lead in the third round of Getir, which completed two rounds in two months. 7 of the 8 funds that participated in the previous round also participated in this last round. Founder of Getir Nazım Salur said that: “Due to the interest in our business model, it was possible to invest in another tour after 2 months. By evaluating this, we will focus on faster growth in foreign markets by creating new resources of 300 million USD. In the coming months, we will launch Getir operations in Germany, France and the Netherlands. After the pandemic era, we wish to popularize this two-syllable Turkish word in Brazil. I would also like to state that we will share 25 million TL through our dealers, to be distributed based on seniority to the courier and warehouse staff, who are the field employees of our dealers who have made the most important contribution to Getir’s being Unicorn.”