Точка Синхронізації

AI Archive of Human History

Uber to buy delivery arm of Turkey’s Getir
| USA | technology

Uber to buy delivery arm of Turkey’s Getir

#Uber #Getir #Food delivery #Acquisition #Ecommerce #Turkey #Investment #Market consolidation

📌 Key Takeaways

  • Uber is purchasing Getir's food delivery business for an initial payment of $335 million.
  • Uber will invest $100 million for a 15% minority stake in Getir’s grocery and retail divisions.
  • The deal allows Getir to refocus on its core retail and water delivery services.
  • The transaction signifies a major consolidation in the global fast-delivery and e-commerce markets.

📖 Full Retelling

Uber Technologies Inc. entered into a definitive agreement to acquire the food delivery division of the Turkish delivery pioneer Getir for $335 million on Monday as part of a strategic push to consolidate its presence in the competitive e-commerce landscape. Under the terms of the transaction, which encompasses Getir's operations across its core markets, Uber will also invest an additional $100 million to secure a 15% minority stake in Getir’s remaining business units, including its grocery, retail, and water delivery services. This move comes as the global delivery market undergoes a period of intense restructuring and consolidation following the pandemic-era boom. The acquisition represents a significant shift for Getir, which was once valued at nearly $12 billion and stood as a leader in the 'ultra-fast' delivery sector. By offloading its food delivery arm to Uber, Getir is effectively narrowing its focus to its primary logistics and retail strengths while benefiting from the capital infusion and technical synergy of a global partner. For Uber, the deal serves to bolster the Uber Eats ecosystem by integrating Getir’s established merchant network and regional customer base into its existing platform. Financial analysts view this deal as a win-win for both entities amidst a tightening venture capital environment. While Uber expands its market share and streamlines its delivery portfolio, Getir obtains the liquidity necessary to stabilize its broader retail operations. The partnership marks a transition from aggressive competition to strategic cooperation in the delivery space, highlighting a broader trend where major tech players are opting to merge underperforming or high-cost divisions into larger, more efficient ecosystems.

🏷️ Themes

Technology, Business, Acquisitions

📚 Related People & Topics

Getir

Getir

Turkish on-demand food and grocery delivery start-up

Getir (Turkish pronunciation: [ɟeˈtiɾ]; "bring" in Turkish) is a Turkish company that offers rapid on-demand delivery services for grocery items and a courier service for restaurant food deliveries, accessed via a mobile app. Until 2024, it was active in multiple countries. Originally founded in 201...

Wikipedia →

Uber

Uber

American ridesharing and delivery company

Uber Technologies, Inc. is an American multinational transportation company that provides ride-hailing services, courier services, food delivery, and freight transport. It is headquartered in San Francisco, California, and operates in approximately 70 countries and 15,000 cities worldwide.

Wikipedia →

Food delivery

Food delivery

Courier service in which food is delivered to a customer

Food delivery is a courier service in which a restaurant, store, or independent food-delivery company delivers food to a customer. An order is typically made either by telephone, through the supplier's website or mobile app, or through a third party food ordering service. The delivered items can inc...

Wikipedia →

Acquisition

Topics referred to by the same term

Acquisition may refer to:

Wikipedia →

E-commerce

Type of business industry usually conducted over the internet

E-commerce (electronic commerce) refers to commercial activities including the electronic buying or selling products and services which are conducted on online platforms or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management...

Wikipedia →

🔗 Entity Intersection Graph

Connections for Getir:

View full profile →

📄 Original Source Content
The deal will see Uber paying $335 million at the outset to purchase Getir's food delivery business. Uber will also pay $100 million for a 15% stake in Getir's grocery, retail and water delivery business.

Original source

More from USA

News from Other Countries

🇵🇱 Poland

🇬🇧 United Kingdom

🇺🇦 Ukraine

🇮🇳 India