Getir's founder, Nazim Salur.
Turkish grocery delivery company, Getir, has secured $768 million in a Series E funding round to support its growth ambitions.
The funding, which brought Getir’s total capital raised to $11.8 billion, was led by Abu Dhabi investment firm, Mubadala Investment Company, and included participation from Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global.
Founded in 2015, Getir has a presence in 81 cities in Turkey and 48 cities across Europe and the US. The company, which has grown a total network of 1,100 g-stores around the world, will use the funds to continue its growth within the countries it operates.
Getir’s founder, Nazim Salur, said: “We are defining the ultrafast delivery sector and this latest round of funding is a testament to Getir’s position as industry pioneer. In such an exciting and competitive market we cannot afford to stand still. This investment will enable us to further develop our proposition and technology, as well as invest in our employees to continue to attract the best talent.”
Ibrahim Ajami, Mubadala’s head of ventures and growth, added: “Groceries represent one of the largest offline to online opportunities globally, led by fast-changing consumer habits which have accelerated online purchasing adoption. We believe Getir will continue to prove to be an industry leader as it expands into new categories and geographies.”
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