getir
Getir pulls out of US, UK, Europe to focus on Turkey — 6,000+ jobs impacted
True to its business concept, Turkey’s “instant delivery” juggernaut Getir rose quickly. Now, with the quick commerce industry in free fall, it is nosediving just as fast. On Monday, the…
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Getir is a sign of what’s to come in the M&A market in 2024
Many people, myself included, predicted a wave of startup acquisitions in 2023 as companies rooted in good ideas but built on not-so-good business models ran out of money. That largely…
More consolidation in grocery delivery: Getir acquires FreshDirect to beef up in the US
Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The…
Uber Eats and Getir ink tie-up in Europe for speedy grocery deliveries
Uber Eats and quick commerce player Getir have inked a grocery delivery partnership, starting in the U.K. The tie-up, which expands the range of groceries on tap for Uber Eats’…
Can the quick grocery delivery model only work in emerging markets?
While many quick grocery delivery startups have struggled, others are still seeing growth. Why? They are focused on emerging markets.
Zepto becomes India’s first 2023 unicorn with $200 million fresh funding
Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday, at a time when most other firms…
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How to succeed in today’s grocery delivery market
Founder and CEO Abhi Ramesh chats about how to succeed in this sector, the key to driving unit economics and what’s next for Misfits Market.
Cash-strapped instant delivery giant Getir, trying to close funding, pulls out of Spain, Italy and Portugal
More tough times for the instant-delivery startups that once flooded the markets of Europe. Getir, the company backed by Sequoia and other big investors and once valued at upwards of…
Quick commerce startup Getir plans to exit France amid regulatory issues
In a press release sent to AFP, Getir has announced that it plans to exit France. As a reminder, Getir pioneered the concept of quick commerce. Those services allow you…
After weeks of rumors, Getir has announced that it is acquiring Gorillas. This is a major consolidation deal for the instant grocery delivery space. The Financial Times first reported that…
Grocery delivery startups with low margins might drop IPO dreams for M&A reality
Getting a bunch of bananas and avocados from your favorite 15-minute grocery delivery company at 3 a.m. might be the greatest thing since sliced bread, but some of these companies…
Rohlik bags $231M despite the market cooling on food delivery startups
The salad days are over for many startups in the online food delivery sector. Following a long period of cash injections, splashy and high-profile promotions, and interesting experiments toying with…
Venture funding in Europe is declining faster than in the US — but causing much less panic
The U.S. has seen monthly funding drop 36.7% through the end of May, while Europe saw a decline of 50% in the same period. But it doesn’t feel like the…
The company’s U.S. operations accounted for about 5% of the grocery delivery startup’s overall business.
Tech layoffs top 15K in a brutal May
It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, more than 15,000 tech workers have lost their…
Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans
It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart…
Sequoia’s Doug Leone steps down, making way for new global head Roelof Botha
Storied venture capital firm Sequoia Capital announced today that leader Doug Leone would be stepping aside from his role as “Senior Steward” to be replaced by Roelof Botha, managing partner…
Daily Crunch: $8.5B Amazon-MGM merger will bring thousands of titles to Prime Video
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Getir is now worth nearly $12 billion after raising another $768 million
Instant delivery startup Getir announced that it has closed a new $768 million Series E funding round. Following this deal, the company reached a valuation of $11.8 billion. Mubadala Investment…
Zapp snaps up $200M to supersize its instant grocery play
Zapp, the instant grocery delivery startup that launched in 2020 in London, has picked up a substantial round of funding to go head-to-head with Getir,…
Voly raises $13M led by Sequoia to deliver instant groceries in Australia
The trend that is instant grocery delivery — online ordering of essentials with your purchases being delivered to you in under an hour — continues to proliferate across multiple markets,…
Turkey’s instant grocery giant Getir grabs UK’s Weezy in latest delivery consolidation
Well that was quick. U.K.-based hyper fast grocery delivery startup Weezy — which only raised a pre-seed for its 15-minute delivery services of supermarket fare last year (after founding the…
After acquiring Dija and Fancy, instant grocery startup Gopuff launches in the UK en route to European expansion
Instant grocery and essentials delivery is already a very crowded field in Europe; but today competition was turned up another notch: Gopuff — the U.S. leader in the space with…
Gorillas grabs ‘close to’ $1BN, Series C values the on-demand grocery delivery biz at $2.1BN
Berlin-based on-demand grocery delivery and dark store operator Gorillas has grabbed “close to” $1 billion in Series C funds, in the latest sign of the searing investor interest driving activity…
Why bringing you emergency toothpaste could be big business
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This is our Wednesday show, where we niche…
Powered by local stores, JOKR joins the 15-min grocery race with a $170M Series A
“We are true believers in the fact that the world needs a new Amazon, a better one, a more sustainable one, one that appreciates local areas and products.” It’s quite…
Instant grocery startup Getir makes its first acquisition to expand into Spain and Italy
Getir, the startup based out of Turkey that has built a $7.5 billion business out a mobile app that lets consumers buy groceries and get them delivered in minutes, has…