Getir, Turkish startup, boosts valuation to $12 billion with latest $768 million funding

Getir is following similar steps and is currently the fastest-growing delivery service in Europe and USA.

Getir’s Growth:
Nazim Salur founded Getir in 2015. It is a turkey-based company that rapidly expanded its operations across Europe and the United States of America.


Getir is well known for its instant delivery, and there’s no waiting for a slot for your order to be processed. As soon as you place the order, the employees of Getir will start processing it and make sure it is delivered to you as quickly as possible.

Recently Getir announced that it has successfully closed the round of E-funding series, which is worth $768 million. This puts Getir’s valuation at $11.8 billion.

Getir has also expanded its delivery reach by coming up with small fulfilment centres. These centres are controlled and owned by the company. The company also handles inventory management and doesn’t outsource the supplies.

The expected delivery time to receive your order is approximately 20-40 minutes. Currently, the company owns 1000+ small fulfilment centres, which lets it manage the order successfully and deliver in time.

This industry has a vast untapped potential, and this is the reason the delivery companies are opting for huge funding to lay the foundation of their network and dominate the market.

Getir operates in 81 cities across Turkey and has dominated the market there. It has also been effectively used in 40 cities across nations like Germany, Spain, Italy, the United States, the Netherlands and the United Kingdom.

The founder states the importance of the received funding and acknowledges the fact of thriving at the competitive edge. He also said that the company is investing in their employees too, and attracting some good people globally.

This funding will give a boost to the current operations of Getir and contribute to Getir’s growing valuation.

The current competitors of Getir are Zapp, Cajoo, GoPuff, Flink and Gorillas. Companies will develop creative ideas to improve their retention to sustain their position in the market.

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