Delivery App Getir Seeks Funds at Minimum $7 Billion Valuation
- Retail delivery app seeking to raise at least $500 million
- Funds to support U.S. expansion amid demand for delivery
Photographer: Petra Figueroa/Getty Images
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Turkish retail delivery app Getir is in talks to raise new funds with a valuation of at least $7 billion, according to people familiar with the matter who asked not to be named.
Getir is seeking to raise at least $500 million, the people said. The funds will be used to expand in the U.S., one of the people said. The company aims to close the deal by next month, and pursue an initial public offering in New York after two years, the person said.