Getir Raises $768M in Series E
Getir has successfully raised $768M in a Series E at a $11.8B valuation led by Sequoia Capital, Tiger Global.
Company Overview
Getir is a E-commerce company headquartered in Istanbul, Turkey, founded in 2015 with 5000+ employees.
Rapid grocery delivery
Fundraising Details
- Amount Raised: $768M
- Round Type: Series E
- Valuation: $11.8B
- Date: 2022-03-25
- Investors: Sequoia Capital, Tiger Global
About Getir
Rapid grocery delivery The company is positioned in the E-commerce sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Istanbul, Turkey
- Founded: 2015
- Team Size: 5000+
- Industry: E-commerce
What This Means
This funding round demonstrates strong investor confidence in Getir's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The E-commerce sector continues to attract significant investment as companies innovate to meet evolving market demands. Getir's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $11.8B valuation marks an important milestone for Getir, positioning the company among notable players in the E-commerce industry.
Looking Ahead
With this new capital, Getir is well-positioned to execute on its growth strategy and continue building innovative solutions in the E-commerce space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2022-03-25. For more information about Getir, visit their headquarters at Istanbul, Turkey.
