Turkish language fast Grocery delivery startup Getir said on Friday it has acquired German rival Gorillas, in the name of online Food delivery market Hold on in the wake of the boom during the coronavirus pandemic.
A Getir spokesman told AFP (AFP) that the acquisition valued the German company at $1.2 billion, but did not disclose further details. of Deal.
Markets go up And down, “but consumers love our service and our convenience is here to stay,” said Nazim Salaur, founder of Getir. in Company statement.
Getir will continue lead The industry I invented seven years ago.”
Getir’s rating has skyrocketed since then creation by a group of Entrepreneurs in Istanbul and the United States venture Sequoia Capital Corporation in 2015.
The company has reached the valuation of Nearly 12 billion dollars before entering a recession this year that forced her to do so fire 14% of that it global Man power.
Gorillas has struggled to turn a profit ever since creation in May 2020.
The Financial Times reported that the deal values the two combined companies at about $10 billion.
in Getir growth turn it into one of The main players in Once thriving food and grocery delivery market.
Its yellow-violet scooters can now be spotted all over European capitals as well as American cities like Chicago and New York.
She has sponsorship deals with New York Mets of Major League Baseball and Tottenham Hotspur.
Gorillas sold themselves to consumers with He promised to deliver groceries in 10 minutes of any request.
expanded from its base in Berlin across europe and also soon I arrived in the United States.
But its rapid expansion did not translate into steady sales and the company began closing many of them of european locations this is year.
The Financial Times reported that Gorillas was losing $1.50 for All dollar I was born in he won.
