Getir Becomes Unicorn with $2.6 Billion Valuation
Founded in 2015, Getir, a demand-based market delivery startup, received $300 million in a funding round led by Sequoia Capital and Tiger Global and became Turkey’s second unicorn company with a $2.6 billion valuation.
Getir had also raised $128 million in a funding round earlier this January. Getir’s founder, Nazmi Salur, commented on the matter, saying, “It’s not easy to secure a new investment round every two months; not every startup gets that opportunity. This is one of the popular business models in the near future, and it’s definitely possible. Our model is currently one of the most popular globally. We invented this model, and after us, many foreign companies emerged using the same model. They are also securing investments. This popularity is not related to the pandemic. We grew 100% with Getir even five years ago. It’s about how this business idea attracts users. We are not just a delivery company; Getir is a technology company. It’s all powered by serious data management,” he said.
Getir Aims to Expand into Europe
Getir, which became Turkey’s second unicorn after Peak Games, aims to increase the number of countries it operates in to five by 2021. Starting service in London in January, Getir plans to launch operations in Germany, France, and the Netherlands soon. Salur also mentioned that they plan to open Getir in Brazil in the second half of 2021.
