Getir Tops $1 Billion in Fundraising This Year With Latest Deal
- Turkish delivery app gets $150 million from existing investor
- Funds will support Getir’s expansion at home market and abroad
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Turkish grocery delivery app Getir brought its total fundraising for the year to more than $1.1 billion by securing additional capital from an existing investor, according to people with knowledge of the matter.
Under an agreement recently reached by the Istanbul-based company, one of its investors will increase their stake in exchange for $150 million in fresh funds, said the people, who asked not to be named because the deal isn’t public. They wouldn’t specify what valuation the investment placed on Getir or the size of a shareholding that will change hands.