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Gorillas Facing Valuation, Staff Cuts as Part of Getir Deal

  • Talks follow move in May to slash office staff by half
  • Getir is currently in advanced talks to buy rival Gorillas
   

   

Photographer: Hollie Adams/Bloomberg

Gorillas Technologies GmbH will likely be valued at about $1.7 billion if a deal to be acquired by Istanbul-based delivery startup Getir goes through, and could face another round of job cuts, people familiar with the matter said. 

Getir is currently in advanced talks to buy German rival Gorillas in a deal consisting of equity and $100 million in cash, the people said. Bloomberg previously reported on the negotiations in October. Gorillas, which quickly attracted capital after it was founded in 2020, has had to slash staff and pull back from some of its markets after rapidly burning through capital by offering money-losing services, such as grocery delivery within minutes.