Turkey's Unicorn GETIR Increased Its Value to Over 7 Billion Dollars!

[Neurko]

The online delivery app initiative Getir, which became a unicorn in Turkey with its received investments, has seen a significant increase in user numbers due to the prolonged impact of the pandemic. With its latest investment of $555 million, Getir has reached a valuation of a whopping $7.555 billion. It was also reported that in the first six months of this year, Getir received close to $1 billion in investments, increasing its value by approximately 9 times in just five months. Among the companies that provided these recent investments to Getir are Sequoia Capital and Tiger Global, while new investors like DisruptAD – Silver Lake have also joined in. With these investments, the company continues to grow in Turkey and globally, preparing to enter the American market in the second half of the year. Getir will also expand to Paris and Berlin. Currently providing services in Turkey, the UK, and the Netherlands, the company will launch its operations in Paris and Berlin this month. Founder of Getir, Naz?m Salur, commented, “The achievement of this value by Getir demonstrates the global interest when an original idea like 10-minute delivery is blended with technology. This actually shows that new technological business models can also emerge from Turkey. With this new funding, we will continue to accelerate our operations in Turkey and make the two-syllable Turkish word beloved in new countries." Source: VUUPNET