Getir is in discussions with investors to explore the sale of its n11 online shopping platform, among other possibilities.
One source told Reuters that “many options” are being considered, however they added that while “we cannot say every option discussed will happen. One of them is the sale option for n11”.
The rapid delivery firm became a partner in n11 in 2022 and then bought remaining shares from SK Planet and Dogus Group.
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Another source told the publication that n11 offices were combined with Getir following recent downsizing, explaining “there may be a sale afterwards, or they may continue like this”.
Last week, it was reported that Getir was understood to be preparing to withdraw from the UK market in a move expected to put approximately 1,500 jobs at risk, alongside two of its other remaining European markets – Germany and the Netherlands.
Getir investors are set to fund the rapid delivery firm’s withdrawal from the UK with a new cash injection, as according to Sky News, shareholders have put together provisional plans to provide tens of millions of pounds to Getir in the coming weeks.
The latest news follows in the wake of a challenging year for the grocery delivery giant.
Late last year, its value dropped to $2.5bn as shoppers moved away from convenience and as UK supermarket giant’s opened their own rapid delivery services, such as Tesco’s Whoosh, Sainsbury’s Chop Chop and Zoom by Ocado.
