🏆 Deal of the Week · CW 11/2022
Getir raised USD 768 million in a Series E round in March 2022, reaching a post-money valuation of USD 11.8 billion. The round drew participation from a consortium of prominent growth and sovereign investors including Abu Dhabi Growth Fund, Alpha Wave Global, Mubadala, Sequoia Capital, and Tiger Global Management.
Getir — key deal facts
| Company | Getir |
| Founded | 2015 |
| Headquarters | Istanbul, Turkey |
| Amount raised | USD 768M |
| Valuation | USD 11.8B |
| Round | Series E |
| Investors | Abu Dhabi Growth Fund (https://www.adg.ae/) Alpha Wave Global (https://www.alphawaveglobal.com/) Mubadala (https://www.mubadala.com/) Sequoia Capital (https://www.sequoiacap.com/) Tiger Global Management (https://www.tigerglobal.com/) |
| Sectors | e-commerce |
Who invested in Getir?
The Series E was backed by Abu Dhabi Growth Fund, Alpha Wave Global, Mubadala, Sequoia Capital, and Tiger Global Management. The investor mix is notable for combining two sovereign and sovereign-adjacent Middle Eastern capital vehicles — Abu Dhabi Growth Fund and Mubadala — with leading Silicon Valley and global growth equity firms. This breadth of institutional backing reflects the cross-regional conviction in ultrafast grocery delivery at the time of the round.
What does Getir do?
Getir is a Turkish on-demand delivery company founded in Istanbul in 2015 by Nazım Salur, Serkan Borancili, and Tuncay Tutek. The company built its reputation on ultrafast delivery of groceries, toiletries, and everyday essentials via a mobile app, with orders fulfilled in as little as 10 to 15 minutes through a network of dark stores. Getir later expanded into restaurant food delivery and courier services before eventually withdrawing from international markets and refocusing exclusively on Turkey.
Getir valuation & multiples
Explore the benchmarks: Series E e-commerce.
Frequently asked questions
How much did Getir raise in its Series E?
Getir raised USD 768 million in its Series E round in March 2022.
What is Getir's valuation?
Getir was valued at USD 11.8 billion at the time of its Series E round in March 2022.
Who invested in Getir?
The Series E investors were Abu Dhabi Growth Fund, Alpha Wave Global, Mubadala, Sequoia Capital, and Tiger Global Management.
When was Getir founded and where is it based?
Getir was founded in 2015 and is headquartered in Istanbul, Turkey.
Source: original announcement — read the full report.