About Getir
Getir is a company based in Istanbul (Turkey) founded in 2015 by Tuncay Tutek, Dogan Dalyan, Nazim Salur, Mert Salur, and Serkan Borancili.. Getir has raised $2.54 billion across 8 funding rounds from investors including Mubadala, G Squared and Michael Moritz. The company has 27 employees as of April 07, 2024. Getir has completed 6 acquisitions, including ACE & FREAK, BLOK and Fresh Direct. Getir operates in a competitive market with competitors including Glovo, DoorDash, Deliveroo, JOKR and Gopuff, among others.
- Headquarter Istanbul, Turkey
- Employees 27 as on 07 Apr, 2024
- Founders Tuncay Tutek, Dogan Dalyan, Nazim Salur, Mert Salur, Serkan Borancili
- Stage Decacorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Getir India Technologies Private Limited
- Date of Incorporation 08 Apr, 2021
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.54 B (USD)
in 8 rounds
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Latest Funding Round
$250 M (USD), Series E
Jun 25, 2024
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Investors
Mubadala
& 12 more
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Employee Count
27
as on Apr 07, 2024
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Investments & Acquisitions
ACE & FREAK
& 5 more
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Leadership Team
29 people
Data Analysis and Operations Team
20 people
Software Development Team
18 people
Head Team
9 people
Human Resources and Administration
5 people
Sales and Marketing
5 people
Operations Team
5 people
Finance and Accounting
4 people
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Funding Insights of Getir
Getir has successfully raised a total of $2.54B across 8 strategic funding rounds. The most recent funding activity was a Series E round of $250 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series E — $250.0M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series E - Getir | Valuation | Mubadala |
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| Sep, 2023 | Amount | Series E - Getir | Valuation | Mubadala , G Squared | |
| Mar, 2022 | Amount | Series E - Getir | Valuation | Alpha Wave Global , Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Getir
Getir has secured backing from 13 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Mubadala, G Squared and Michael Moritz. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth-stage technology companies are funded via primary and secondary investments.
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Founded Year | Domain | Location | |
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Investments are directed by Revo Capital toward Turkey-based startups.
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Founded Year | Domain | Location | |
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Venture capital firm focused on growth-stage companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Getir
Getir has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include ACE & FREAK, BLOK and Fresh Direct. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Multi-category grocery products are provided via a mobile platform.
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2021 | ||||
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Online marketplace platform offering live video shopping
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2021 | ||||
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Multi-category grocery products are delivered rapidly via an online platform.
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Getir
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Getir Comparisons
Competitors of Getir
Getir operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Glovo, DoorDash, Deliveroo, JOKR and Gopuff, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace offering multi-category grocery products
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| domain | founded_year | HQ Location |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Platform offering food and grocery delivery services
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via an online platform.
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| domain | founded_year | HQ Location |
Online platform offering on-demand delivery services for food and groceries
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Getir
Frequently Asked Questions about Getir
When was Getir founded?
Getir was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Getir located?
Getir is headquartered in Istanbul, Turkey.
Who is the current CEO of Getir?
Yasemin Sisik Celikboy is the current CEO of Getir.
Is Getir a funded company?
Getir is a funded company, having raised a total of $2.54B across 8 funding rounds to date. The company's 1st funding round was a Series E of $768M, raised on Dec 01, 2017.
How many employees does Getir have?
As of Apr 07, 2024, the latest employee count at Getir is 27.
What does Getir do?
Getir was founded in 2015 in Istanbul, Turkey, as an app-based platform in the grocery delivery sector. A wide range of products is offered, including snacks, beverages, fruits, vegetables, bakery items, dairy, meat, eggs, seafood, grains, spices, pet food, and baby food. The service operates through applications available on iOS and Android, facilitating quick access to essentials across urban areas.
Who are the top competitors of Getir?
How many acquisitions has Getir made?
Getir has made 6 acquisitions, including ACE & FREAK, BLOK, and Fresh Direct.
Who are Getir's investors?
Getir has 13 investors. Key investors include Mubadala, G Squared, Michael Moritz, Revo Capital, and Alpha Wave Global.
What is Getir's valuation?
The valuation of Getir is $11.8B as of Mar 2022.
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