Getir valued at $11.8bn follows series E funding round

Quick delivery service company Getir has raised USD 768mn for its series E funding round, valuing the company at USD 11.8bn. The round was led by Mubadala Investment Company with participation with Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global.

This brings the total amount raised to USD 2bn.

Proceeds from this round will support the company’s growth in countries in which it operates to solidify its position. Since January 2021, the company has expanded across Europe (UK, Germany, France, Italy, Spain the Netherlands and Portugal) and the US.

The company was founded in Turkey in 2015 by Nazim Salur, Serkan Borancili and Tuncay Tutek.