Getir
Getir Raises $768M in Series E
Quick Facts
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.
About the Author
Related Company Reports
Anthropic Raises $2B in Series D
Anthropic, a AI/ML company based in San Francisco, CA, has raised $2B in Series D at a $18B valuation led by Menlo Ventures, Spark Capital, Google.
xAI Raises $6B in Series C
xAI, a AI/ML company based in San Francisco, CA, has raised $6B in Series C at a $40B valuation led by Sequoia Capital, a16z, Valor Equity.
Adept AI Raises $350M in Series B
Adept AI, a AI/ML company based in San Francisco, CA, has raised $350M in Series B at a $1B valuation led by General Catalyst, Spark Capital, Addition.