top of page

The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

FoodBev Media Logo
Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Domino September - Website Banner - GS1 - 300x250.gif
Getir acquires rival Gorillas in deal worth $1.2bn
Phoebe Fraser

Phoebe Fraser

12 December 2022

Getir acquires rival Gorillas in deal worth $1.2bn

Turkish fast grocery delivery company, Getir, has bought German rival Gorillas in a deal worth $1.2 billion. The acquisition will merge the two companies, which both promise groceries in minutes. Serkan Borancili, co-founder of Istanbul-based Getir, shared the price tag on Twitter and stated that the combined company was now stronger.

Satın alınmadık, biz aldık, @getir aldı. En güçlü rakibimizle artık tekiz ve daha da güçlüyüz. Getir acquires grocery app rival Gorillas in $1.2bn deal https://t.co/X8qSUyyPwx — Serkan Borancili (@serkanborancili) December 9, 2022 The price is much lower than Gorillas’ $2.1 billion valuation in its funding round in late 2021. According to the Financial Times, job cuts are expected due to overlap between the two companies’ network of small urban warehouses. Getir – which earlier this year closed a $768 million funding round – was one of the first firms to test the quick commerce model. Founded in 2020, Gorillas was one of several other companies that embraced the idea during the Covid-19 lockdowns.
Related posts
bottom of page