Getir Acquisition, Valuation, Funding & Investors
Getir was acquired by Mubadala for $2.5B in June 2024, a 3.1x multiple on $800M of revenue.
Getir acquisition price
$2.5B
Acquired by Mubadala · Jun 2024
Getir revenue at acquisition
$800M
Last twelve months · Jun 2024
Getir revenue multiple at acquisition
3.1x
EV/Revenue · Jun 2024
Cumulative funding Getir raised
$2.3B
across 7 funding rounds
About Getir
Getir is an Istanbul-headquartered ultrafast delivery service operating in urban markets across Turkey, Europe, and beyond since 2015. Users order groceries, essentials, and pharmacy items via mobile app with credit card payments, receiving deliveries in 10-15 minutes tracked live. The network employs dark stores for rapid fulfillment, serving millions through localized warehouses in cities like London, Berlin, and Milan before scaling back some international operations.
Founded
2015
HQ
İstanbulWebsite
Status
Acquired
Customer focus
B2C
Revenue model
Product sales
Revenue
$466M (Jun 2021)
Valuation
$2.5B (Sep 2023)
Getir Acquisition
Getir was acquired by Mubadala for $2.5B on 26 June 2024.
The acquisition price implies a 3.1x revenue multiple on $800M of revenue.
Before the acquisition Getir had raised $2.3B across 7 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 26 Jun 2024 | PE buyout | $2.5B | 3.1x |
Getir Valuation
Getir is currently valued at $2.5B, based on its Series F in September 2023.
The $500M round was led by Mubadala, with participation from Michael Moritz, G Squared and Revo Capital.
Getir's valuation has grown 2.9x from $850M at its Series B in January 2021 to $2.5B in September 2023, across 5 priced rounds.
Getir valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Sep 2023 | Series F | $2.5B | - |
| Mar 2022 | Series E | $12B | - |
| Jun 2021 | Series D | $7.6B | 16.2x |
| Mar 2021 | Series C | $2.6B | - |
| Jan 2021 | Series B | $850M | - |
Getir Revenue
Getir's latest recorded revenue is $466M, as of its Series D in June 2021. At a $7.6B valuation, that implies a 16.2x revenue multiple.
Getir revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2021 | $466M | $7.6B | 16.2x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Getir Funding History
Getir has raised a total of $2.3B across 7 funding rounds.
Getir's first fundraising round was a $4M seed round in December 2017. The most recent completed round was a $500M Series F in September 2023.
Getir funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2023 | Series F | Mubadala (lead); Michael Moritz; G Squared; Revo Capital | $500M | $2.5B | Getir is an Istanbul-based rapid grocery delivery startup that pioneered the 10-minute grocery delivery model in Turkey using micro-fulfillment centers and rider networks. The company expanded internationally, launching in London in early 2021 and subsequently entering Amsterdam, with plans for Paris and Berlin. By late 2023, Getir operated in five markets: Turkey, the UK, Germany, the Netherlands, and the United States. In September 2023, Getir raised $500 million at a post-money valuation of $2.5 billion, representing a dramatic 79% reduction from its $11.8 billion valuation achieved in 2022. The round was led by existing investor Mubadala, with participation from G Squared, former Sequoia partner Michael Moritz, and Revo Capital. The round was expected to close in September 2023. The steep valuation decline reflected broader challenges in the rapid grocery delivery sector. Getir had been struggling with cash burn and implemented cost-cutting measures including office closures and focused market operations. The company exited Spanish, Italian, Portuguese, and French markets to concentrate resources. In December 2022, Getir had acquired competitor Gorillas for approximately $1.2 billion, described as roughly one-third of Gorillas' peak valuation, signaling sector-wide valuation compression. Since inception, Getir had raised approximately $1.8 billion from approximately 28 investors including Tiger Global, Sequoia Capital, Silver Lake, and Base Partners. The September 2023 funding reflected investor recognition of the company's market position while acknowledging the need for a reset valuation in a challenging macro environment for venture-backed growth companies. |
| Mar 2022 | Series E | Mubadala (lead); Tiger Global (lead); Abu Dhabi Growth Fund; BBQ Capital; Sequoia Capital; Alpha Wave Global; Flat Capital; Revo Capital | $768M | $12B | Getir, a Turkish ultrafast grocery delivery startup founded in 2015, raised $768 million in a Series E round on March 17, 2022, led by Mubadala and Tiger Global, with participation from Abu Dhabi Growth Fund, Alpha Wave Global, Sequoia Capital, and others including Revo Capital and Flat Capital. The round brought the company's post-money valuation to $11.8 billion. Getir operates dark stores for rapid delivery in under 30 minutes across multiple countries including Turkey, UK, Germany, US, and others at the time. The funding supported Getir's international expansion and technology development in the capital-intensive instant delivery sector, where it managed 1,100 dark stores and had achieved 40 million app downloads. Getir dominated in Turkey across 81 cities and covered 48 cities internationally. |
| Jun 2021 | Series D | Silver Lake; Sequoia Capital; Tiger Global; Mubadala; DisruptAD; Base Partners | $555M | $7.6B | Getir is a Turkish instant grocery delivery platform founded in 2015 that pioneered ultrafast 10-minute delivery in urban markets. The company expanded rapidly across Europe during the pandemic, raising billions in venture funding to scale operations in Turkey, the UK, the Netherlands, Spain, and other markets. In 2021, Getir generated $466 million in European revenue while sustaining significant losses of approximately $600 million, with fulfillment costs representing 56% of revenue and marketing expenses at 36% of revenue. The company subsequently raised $768 million in Series E funding in March 2022 at an $11.8 billion post-money valuation, reflecting investor confidence during the venture capital boom. However, Getir's trajectory reversed dramatically in subsequent years as macroeconomic conditions deteriorated; the company exited all European and U.S. markets in early 2024 and ultimately sold its Turkish operations to Uber for $335 million in 2025, representing a 97% decline from its $12 billion peak valuation. |
| Mar 2021 | Series C | Sequoia Capital (lead); Tiger Global (lead); Base Partners | $300M | $2.6B | Getir is a Turkish instant grocery delivery startup that pioneered the 10-minute delivery model using a network of micro-fulfillment centers and on-demand riders. The company began operations in Turkey and expanded internationally to the United Kingdom, Netherlands, and other European markets before entering the United States. In March 2021, Getir closed a Series C funding round raising $300 million at a $2.6 billion post-money valuation, co-led by Sequoia Capital and Tiger Global. This round represented significant momentum following a January 2021 Series B round that valued the company at $850 million after raising $128 million. The rapid valuation increase reflected investor enthusiasm for the ultra-fast delivery category during the pandemic, as online grocery delivery adoption accelerated globally. Getir's valuation continued to climb dramatically in subsequent months, reaching $7.5 billion in June 2021 after a $550 million Series D round, and $11.8 billion by March 2022 following a $768 million Series E round. By the time of the Series C round in March 2021, Getir had already established strong operational traction in Turkey and was preparing for aggressive international expansion, particularly targeting the United States market. |
| Jan 2021 | Series B | Base Partners (lead); Crankstart Foundation (lead); Finberg; Esas Holding; RePie Asset Management; Goodwater Capital; Tiger Global; Revo Capital | $128M | $850M | Getir is an Istanbul-based ultrafast grocery delivery startup founded in 2015 by Arkady Volozh, Doğancan Dalyan, Mert Salur, Nazım Salur, Serkan Borançılı, and Tuncay Tütek, offering on-demand delivery of 1,500 grocery varieties in an average of 10 minutes across 18 Turkish cities including Istanbul, Ankara, and Izmir. The company raised $128 million in its Series B funding round on January 19, 2021, led by Base Partners and Crankstart Foundation (Michael Moritz's investment arm), with participation from Tiger Global, Goodwater Capital, Revo Capital, Esas Holding, Fiba Holding, and Re-Pie Asset Management, plus over 250 Getir employees. The round valued Getir at $850 million post-money. Proceeds from the $128M raise were allocated to international expansion into markets like London, Sao Paulo, Paris, and Mexico City, building on prior funding including a $38M Series A in January 2020 led by Michael Moritz. This Series B marked Getir as one of the highest-valued tech startups in Turkey, the Middle East, North Africa, and Pakistan at the time, positioning it as a pioneer in 10-minute grocery delivery ahead of global competitors. Numis advised on the transaction, which closed about a month after starting in mid-December 2020. Getir's rapid growth reflected strong investor confidence from both existing backers and new entrants like Brazilian VC Base Partners, amid a surge in on-demand delivery demand. The company had previously raised over $40M before this round, setting the stage for subsequent raises: a $300M Series C in March 2021 and $555M Series D in June 2021 at over $7.5B valuation. Q1 2021 Turkish startup investments hit record levels partly due to Getir's two rounds totaling $428M. |
| Jan 2020 | Series A | Michael Moritz (lead); Revo Capital | $38M | - | Getir is a Turkish technology company founded in 2015 by Nazım Salur, headquartered in Istanbul, that provides ultra-fast online grocery delivery services, promising 10-minute deliveries of fresh produce, snacks, household items, and pharmaceuticals 24/7. The company operates in multiple cities in Turkey and expanded internationally to the UK, Netherlands, Spain, and later attempted entries into Europe and the US. By 2021, Getir had over 30,000 couriers serving more than 20 million customers. In January 2020, Getir raised $38 million in a Series A round led by Michael Moritz with participation from Revo Capital, aimed at supporting initial growth and market penetration. This followed earlier seed funding and preceded a Series B of $128 million in January 2021 led by Base Partners and Crankstart Foundation, and a Series C of $300 million in March 2021. Later rounds included a Series D in June 2021 raising $555 million at over $7.5 billion valuation led by Tiger Global, Sequoia Capital, Silver Lake, DisruptAD, and Mubadala, bringing total funding to over $2.5 billion across 12 rounds. Getir competed in the quick-commerce space against Gorillas, GoPuff, Deliveroo, Instacart, and others, leveraging dark store networks for rapid delivery. Getir reached peak valuations approaching $12 billion in 2022 amid pandemic-driven demand but faced challenges with high operational costs and unit economics. By 2023, valuation dropped to $2.5 billion in a Series E-II round with Mubadala, G Squared, Michael Moritz, and Revo Capital. In June 2024, Mubadala acquired a stake for $250 million, and Getir sold its Turkish operations to Uber for $335 million, reflecting a 97% valuation crash and Turkey's startup funding decline from $3.2 billion in 2022 to $650 million in 2025. |
| Dec 2017 | Seed | Revo Capital | $4M | - | Getir secured a $4M convertible note backed by Revo Capital on December 1, 2017. This marked Revo Capital's entry into Getir via Fund I. Getir operates as an ultra-fast on-demand grocery delivery service. |
Who has invested in Getir?
18 investors have backed Getir across its funding rounds, including Revo Capital, Tiger Global, Sequoia Capital, Mubadala, Base Partners and Michael Moritz.
Lead investors include Mubadala, Tiger Global, Sequoia Capital, Base Partners, Crankstart Foundation and 1 other investor.
Getir Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Istanbul | 5 | Participant | Dec 2017 | |
 New York City, NY | 4 | Lead | Jan 2021 | |
| San Francisco, CA | 3 | Lead | Mar 2021 | |
 Abu Dhabi | 3 | Lead | Jun 2021 | |
 Tokyo | 3 | Lead | Jan 2021 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Michael Moritz | San Francisco, CA | 2 | Lead | Jan 2020 |
| Abu Dhabi | 1 | Participant | Mar 2022 | |
| San Francisco, CA | 1 | Participant | Mar 2022 | |
| San Francisco, CA | 1 | Participant | Jun 2021 | |
| Istanbul | 1 | Participant | Jan 2021 | |
| Istanbul | 1 | Participant | Jan 2021 | |
| Istanbul | 1 | Participant | Jan 2021 | |
| Chicago, IL | 1 | Participant | Sep 2023 | |
This data is available for Pro users. Sign up to see all 18 Getir investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Getir
Getir has acquired 6 companies to date.
Last acquisition by Getir was on June 2nd 2023. Getir acquired N11.com for $100M.
Latest Acquisitions by Getir
| Description | N11.com is an Istanbul-headquartered e-commerce marketplace launched in June 2012 by Turk Telekom, Dogus Group, and SK Group. It connects over 50,000 merchants with consumers offering products in fashion, electronics, home goods, automotive, and sports categories. The platform features fixed-price and auction formats, serving millions of monthly visitors across Turkey with logistics through N11 Lojistik. It ranks as one of Turkey's top online retailers. | Gorillas is a Berlin-based on-demand grocery delivery company that promises delivery within 10 minutes of ordering. Founded in 2020, it operates a network of micro-fulfillment centers and employs its delivery riders directly rather than using contractors, giving customers access to more than 2,000 products at retail prices. The company expanded rapidly across more than 50 European cities in Germany, France, and the United Kingdom. | Vidyodan is an e-commerce marketplace combining live video broadcasts with digital content sales. Sellers host interactive streams to showcase products ranging from fashion to electronics, allowing real-time bidding and purchases. Customers access on-demand replays and personalized recommendations post-broadcast. The platform facilitates direct connections between businesses and buyers through embedded payment gateways and chat features. India-based Vidyodan emphasizes video-driven commerce for emerging markets. | Weezy is a London-headquartered on-demand grocery delivery platform offering next-hour service for food, snacks, drinks, household items, and over-the-counter pharmaceuticals. Launched in 2019, the app features aisle browsing, personalized recommendations, and slotless ordering from dark stores in urban areas. | |
| HQ Country | |  | |  | |
| HQ City | İstanbul | Berlin | İstanbul | London | |
| Deal Date | 2 Jun 2023 | 9 Dec 2022 | 9 Aug 2022 | 23 Nov 2021 | |
| Valuation | $100M | $1.2B | $5M | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Getir acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Investments by Getir
Getir has invested in 1 company to date.
Latest investment by Getir was on August 31st 2021. Getir invested in N11.com in their $50M Strategic investment round.
Latest Investments by Getir
| Description | N11.com is an Istanbul-headquartered e-commerce marketplace launched in June 2012 by Turk Telekom, Dogus Group, and SK Group. It connects over 50,000 merchants with consumers offering products in fashion, electronics, home goods, automotive, and sports categories. The platform features fixed-price and auction formats, serving millions of monthly visitors across Turkey with logistics through N11 Lojistik. It ranks as one of Turkey's top online retailers. |
| HQ Country | |
| HQ City | İstanbul |
| Deal Date | 31 Aug 2021 |
| Round | Strategic investment |
| Raised | $50M |
| Investors | - |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Getir investments and their VC round multiples. Start Free Trial | |
Getir Competitors
Getir competitors include listed companies like Goto Gojek Tokopedia and Talabat, and private ones like OPay, ezCater, Weee! and Ninja.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Lagos | Private | $38M | - | $2.8B | 73.7x | |
 Indonesia | Publicly listed | $1B | ($16M) | $3B | 1.7x | |
| Boston, MA | Private | - | - | $1.6B | - | |
| San Francisco, CA | Private | $400M | - | $4.1B | 10.3x | |
 Riyadh | Private | - | - | $1.5B | - | |
| UAE | Publicly listed | $1.7B | $323M | $7.3B | 1.5x |
Getir Public Comps
Getir is no longer listed, but its public comps include Urban Company, Ocado Group, Stubhub, People, Visional, TX Group, Ziff Davis, Goto Gojek Tokopedia, Rasan and Lime.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $162M | ($26M) | 14.4x | 12.3x | (90.6x) | (72.0x) | |||
| $1.9B | $135M | 2.0x | 1.8x | 27.3x | 8.0x | |||
| $1.7B | ($1.4B) | 1.4x | 1.3x | (1.7x) | 6.7x | |||
| $2.4B | $122M | 1.3x | 1.6x | 25.4x | 11.3x | |||
| $515M | $157M | 3.3x | 2.6x | 10.8x | 9.3x | |||
| $1.1B | $310M | 2.1x | 2.1x | 7.2x | 8.1x | |||
| $1.5B | $335M | 0.9x | 1.0x | 3.8x | 3.3x | |||
| $1B | ($16M) | 2.0x | 1.7x | (125.5x) | 13.1x | |||
This data is available for Pro users. Sign up to see all Getir competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Getir
| When was Getir founded? | Getir was founded in 2015. |
| Where is Getir headquartered? | Getir is headquartered in İstanbul, Turkey. |
| Is Getir publicly listed? | No, Getir was acquired by Mubadala in June 2024. |
| Who acquired Getir? | Getir was acquired by Mubadala in June 2024. |
| How much was Getir acquired for? | Getir was acquired for $2.5B in June 2024, a 3.1x revenue multiple. |
| What is Getir's valuation? | Getir was last valued at $2.5B in its Series F in September 2023. |
| How much funding has Getir raised? | Getir has raised $2.3B across 7 funding rounds. |
| What was Getir's last funding round? | Getir's last funding round was a $500M Series F in September 2023, led by Mubadala. |
| Who are Getir's investors? | Getir's investors include Revo Capital, Tiger Global, Sequoia Capital, Mubadala, Base Partners, Michael Moritz, Abu Dhabi Growth Fund, BBQ Capital, Silver Lake, Finberg and 8 others. |
| What is Getir's revenue? | Getir's latest recorded revenue is $466M (June 2021). |
| What is Getir's revenue multiple? | Getir's latest valuation implies a 16.2x revenue multiple ($7.6B valuation on $466M of revenue). |
| Which companies are comparable to Getir? | Companies comparable to Getir include OPay, Goto Gojek Tokopedia, ezCater, Weee!, Ninja and Talabat. |
| How many companies has Getir acquired? | Getir has acquired 6 companies, including N11.com, Gorillas, Vidyodan, Weezy and Moov. |
| What was the largest acquisition by Getir? | The $1.2B acquisition of Gorillas in December 2022 is the largest acquisition Getir has made to date. |
| How many companies has Getir invested in? | Getir has invested in 1 company, including N11.com. |
| What was Getir's last investment? | In August 2021, Getir invested in N11.com's $50M strategic investment round. |
See companies similar to Getir
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.