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, Silver Lake, Mubadala Investment Company, DisruptAD.

Company Overview

Getir is a Delivery company headquartered in Kuştepe Mahallesi, Istanbul 34387, Turkey, founded in 2015 with 50000+ employees.

Instant grocery delivery

Fundraising Details

Amount Raised: $768M
Round Type: Series E
Valuation: $11.8B
Date: 2024-06-28
Investors: Sequoia Capital, Tiger Global, Silver Lake, Mubadala Investment Company, DisruptAD

About Getir

Instant grocery delivery The company is positioned in the Delivery sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Kuştepe Mahallesi, Istanbul 34387, Turkey
Founded: 2015
Team Size: 50000+
Industry: Delivery

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 Delivery 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 Delivery industry.

Looking Ahead

With this new capital, Getir is well-positioned to execute on its growth strategy and continue building innovative solutions in the Delivery space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-06-28. For more information about Getir, visit their headquarters at Kuştepe Mahallesi, Istanbul 34387, Turkey.