Total amount raised
$2.54B
Latest funding date
2024-06-24
Location
Getir has raised funding across 7 major rounds, attracting over 20 investors including Mubadala Investment Company, Tiger Global, Sequoia Capital, and Silver Lake.
Keep reading to explore Getir's complete fundraising journey, key investors, and what lies ahead for this Turkish quick-commerce pioneer.
Getir has raised funding across 7 major rounds, attracting over 20 investors including Mubadala Investment Company, Tiger Global, Sequoia Capital, and Silver Lake.
Keep reading to explore Getir's complete fundraising journey, key investors, and what lies ahead for this Turkish quick-commerce pioneer.
What Is Getir?
Getir is a Turkish technology company founded in 2015 in Istanbul, Turkey. It pioneered the ultrafast on-demand grocery delivery model, promising delivery of everyday essentials in minutes via a network of dark stores. Getir operates in the delivery service, e-commerce, logistics, and mobile apps industries, and currently focuses on its core Turkish market after withdrawing from international markets in 2023–2024.
How Much Funding Has Getir Raised?
- Convertible Note (Seed)
- Amount Raised: USD 4,000,000
- Date: December 2017
- Lead Investors: Revo Capital
- Source: Nordic9
- Series A
- Amount Raised: USD 38,000,000
- Date: January 2020
- Lead Investors: Michael Moritz (via Crankstart)
- Participants: Revo Capital
- Source: Menabytes
- Series B
- Amount Raised: USD 128,000,000
- Date: January 2021
- Lead Investors: Crankstart (Michael Moritz), Base Partners
- Participants: Tiger Global Management, Goodwater Capital, Revo Capital, Esas Holding, Finberg
- Valuation at Round: USD 850,000,000
- Source: Menabytes
- Series C
- Amount Raised: USD 300,000,000
- Date: March 2021
- Lead Investors: Sequoia Capital, Tiger Global Management
- Valuation at Round: USD 2,600,000,000
- Source: PR Newswire
- Series D
- Amount Raised: USD 555,000,000
- Date: June 2021
- Lead Investors: Tiger Global Management, Sequoia Capital
- Participants: Silver Lake, DisruptAD, Mubadala Investment Company, Winter Capital Partners, Rockstone Ventures
- Valuation at Round: Over USD 7,500,000,000
- Source: Reuters
- Series E
- Amount Raised: USD 768,000,000
- Date: March 2022
- Lead Investors: Mubadala Investment Company
- Participants: Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital, Tiger Global Management
- Valuation at Round: USD 11,800,000,000
- Source: TechCrunch
- Series F
- Amount Raised: USD 500,000,000
- Date: September 2023
- Lead Investors: Mubadala Investment Company
- Participants: G Squared, Michael Moritz, Revo Capital
- Valuation at Round: USD 2,500,000,000
- Source: Tech.eu
- Series G
- Amount Raised: USD 250,000,000
- Date: June 2024
- Lead Investors: Mubadala Investment Company
- Participants: Revo Capital
- Source: Tech.eu
Total Amount Raised: at least USD 2,543,000,000 based on disclosed funding rounds (Seed through Series G).
Key Investors
- Mubadala Investment Company
- Details: Abu Dhabi-based sovereign wealth fund that has been one of Getir's most prominent backers. Mubadala led the Series E ($768M), Series F ($500M), and Series G ($250M) rounds, and now holds a 32% stake in Getir's restructured Turkish food delivery business. Its investment portfolio spans technology, aerospace, healthcare, and real estate globally.
- Tiger Global Management
- Details: U.S.-based hedge fund and investment firm that participated in Getir's Series B, C, D, and E rounds. Tiger Global is known for backing high-growth internet and technology companies globally, including Facebook, LinkedIn, and Spotify.
- Sequoia Capital
- Details: Renowned U.S. venture capital firm that co-led Getir's Series C and participated in Series D and E. Sequoia Capital is known for early investments in Apple, Google, and Airbnb.
- Michael Moritz / Crankstart
- Details: Silicon Valley investor and former Sequoia Capital chairman who led Getir's Series A and co-led the Series B via his personal investment vehicle Crankstart. Moritz also holds an 8% stake in Getir's restructured Turkish delivery entity following the 2024 reorganization.
- Silver Lake
- Details: Global technology-focused private equity firm that participated in Getir's Series D round. Silver Lake is known for major technology investments including Dell Technologies and Endeavor Group.
- Base Partners
- Details: Brazil-based venture capital firm that co-led Getir's Series B round, representing one of the first significant Latin American VC investments into a Turkish startup.
- Revo Capital
- Details: Turkey's largest venture capital firm, and one of Getir's earliest institutional backers. Revo Capital provided the initial $4M convertible note in December 2017 and has participated in multiple subsequent rounds.
What's Next for Getir?
Getir is poised to capitalize on the booming demand for quick delivery services, with plans to expand into major cities and potentially new international markets. The company's focus on technology-driven logistics and its proven model in Istanbul position it well for future growth. Getir's recent funding and strategic partnerships indicate a strong trajectory, with ongoing efforts to enhance its delivery infrastructure and user experience.
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