Turkey’s Getir fast delivery company closed a $768 million funding round on Thursday, valuing the company at around $12 billion just months after expanding into the United States.
As major investors and in the series E round, Mubadala led the round. Other major investors include Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global all encompassing the above said round.
With this investment, we will be able to further develop our technology and proposition, as well as retaining and attracting the best talent,” said Getir founder Nazim Salur in a statement that was released today.
The Istanbul-based Getir company pioneered and spearheaded the 10-minute delivery category in 2015.
Customers ordering through the company’s app get groceries delivered by local warehouses that stockpile essential groceries within 10 minutes.
Getir operates in 48 cities across seven European countries, the United States, as well as all of our home country’s major cities and urban areas.
With a total valuation of more than $7.5 billion, Getir raised roughly and round about $1 billion in three funding rounds in previous year.