Deals
Turkey’s Getir to Raise Funding at $800 Million Valuation
- Retail delivery app in talks to raise at least $100 million
- Getir ready to start operations in London within weeks
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Getir is close to signing a deal for fresh funding at a valuation of more than $800 million, as Turkey’s biggest online delivery service gets ready to expand into the U.K., according to people familiar with the matter.
The firm, backed by venture-capitalist billionaire Michael Moritz, is in talks with investors to sell an unspecified minority stake for about $100 million, the people said, asking not to be identified because deliberations are confidential. The proceeds will be used for further investments, they said.