Getir becomes unicorn with $2.6 billion valuation

On-demand grocery service Getir has been valued at $2.6 billion as it looks towards “ambitious European expansion”.

It brought in $300 million in Series C funding, just two months after completing a $128 million Series B round.

The Istanbul-based business, which came to London in January, plans to launch in France, Germany and the Netherlands by July.

READ MOREBeelivery secures £4.5m to expand customer base

Executives also hope to operate in Brazil once the Covid-19 pandemic subsides.

“We have now raised $300 million and will use the investment for our ambitious European expansion,” Getir founder Nazim Salur said.

Getir is the second Turkish company to become a unicorn, after game developer Peak was acquired for $1.8 billion last year.

The news comes after US delivery giant Gopuff expanded to the UK with its purchase of Fancy, the grocery startup.

Finance

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