Fundz

Getir Raising $500M At A Dramatically Lowered $2.5 Billion Valuation

PRIVATESep 08, 2023

Amount Raised

$500 Million

Round Type

Funding Round

TurkeyOtherSoftwareMedia And EntertainmentConsumer GoodsAdministrative Services

Investors

Sequoia CapitalGoodwater CapitalBase PartnersSilver LakeTiger Global

Description

Getir, the Istanbul-based rapid grocery service is raising $500 million at a valuation of $2.5 billion, according to a report filed by the ft’s Ivan Levingston and George Hammond. The investment would value the company at $2.5 billion a figure dramatically reduced from the company’s heady 2022 days when it was valued at $11.8 billion.

Quick answer

Getir raised $500 Million in a Funding Round round, dated September 8, 2023. Investors: Sequoia Capital, Goodwater Capital, Base Partners, Silver Lake and Tiger Global. Getir is based in Turkey.

How much did Getir raise?
Getir raised $500 Million in a Funding Round round on September 8, 2023.
Who invested in Getir?
Sequoia Capital, Goodwater Capital, Base Partners, Silver Lake and Tiger Global are named as investors in this round.
What does Getir do?
Following this deal, the company has reached a valuation of $11.8 billion.
Where is Getir based and how big is it?
Getir is based in Turkey. Fundz records about 28 employees.
Who are the decision-makers at Getir?
Fundz holds 1 contact at Getir. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Media And Entertainment and Consumer Goods around the same time

Companies in the same sectors as Getir that raised within 45 days of this round, from Fundz verified event records.

  • Cursor raised $8M (Funding Round) on October 11, 2023.
  • Shopblocks raised $1.8M (Seed) on October 2, 2023.
  • AlphaSense raised $150M (Series E) on September 28, 2023.
  • Arc raised an undisclosed amount (Funding Round) on September 27, 2023.
  • Druid AI raised $30M (Series B) on September 12, 2023.
  • BOLD raised $17M (Series A) on September 12, 2023.

Who to call at Getir, and when

A new round usually means Getir is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Getir

Location

Turkey

About

Following this deal, the company has reached a valuation of $11.8 billion. Those dark stores are operated by Getir and the company also controls and owns the inventory of products.After that, a delivery person on a bike of moped scooter delivers your order as quickly as possible. The company has managed to attract 40 million app downloads across nine countries. That’s why these instant delivery startups have been raising mega rounds of funding. The company covers 48 different cities for all other markets — the U.K., Germany, France, Italy, Spain, Netherlands, Portugal and the U.S.“We are defining the ultrafast delivery sector and this latest round of funding is a testament to Getir’s position as industry pioneer. The company competes with Gopuff, Flink, Gorillas, Zapp, Cajoo and more. As soon as you send your order, Getir starts working on it. Getir is quite dominant in Turkey as it currently operates in 81 different cities.

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Getir raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.