Uber has agreed to accumulate the supply enterprise of Turkey’s Getir, as soon as one of many largest success tales of the nation’s startup ecosystem, the corporate announced on Monday
The deal will see Uber paying $335 million on the outset to buy Getir’s meals supply enterprise. The ride-hailing large can even pay $100 million for a 15% stake in Getir’s grocery, retail and water supply enterprise, and mentioned it will full the acquisition of the division over the subsequent few years.
Uber is shopping for the enterprise from Getir’s largest shareholder, the Emirati sovereign wealth fund Mubadala. The funding agency was reportedly searching for to promote its stake within the firm final 12 months.
The deal comes after a turbulent few years for Getir, which as soon as loved a valuation of $12 billion, that noticed the startup scale down its operations massively. The corporate launched to nice traction in 2015, and invested aggressively to develop its operations within the U.S. and Europe, each organically and through acquisitions, particularly through the pandemic.
However after the pandemic lockdowns eased, broader client demand for meals and grocery supply additionally wavered, and Getir selected to chop its losses in 2024, shutting store and shedding hundreds of workers within the U.S., U.Okay, and Europe to be able to give attention to enterprise again dwelling.
Practically a 12 months in the past, the corporate went by means of a struggle for control over a restructuring plan proposed by Mubadala. The plan was opposed by one in every of Getir’s co-founders, who ultimately sued to combat the “unlawful coup,” however a Dutch court docket rejected the founder’s appeals.
The corporate has raised a complete of $2.40 billion to date, based on PitchBook. Paperwork filed by Getir in court docket final 12 months present the corporate valued its group property at $374 million.
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“This transaction displays the power of the enterprise and the progress it has made, notably over the past 12 months,” Waleed Al Mokarrab Al Muhairi, deputy group CEO at Mubadala, mentioned in an announcement.
Uber mentioned it will mix the brand new unit’s providers with Trendyol Go, a meals and grocery supply service in Turkey that the ride-hail large purchased for $700 million final Might. Uber mentioned Getir’s meals supply enterprise alone recorded gross bookings of greater than $1 billion in 2025, up 50% from a 12 months earlier.
The deal follows a powerful exhibiting by Uber’s supply enterprise within the fourth quarter, reporting income of $4.89 billion, up 30% from a 12 months earlier. The corporate mentioned Europe, Center-East and Asia proved the fastest-growing area for the enterprise in 2026.
