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
🏷️ Themes
Technology, Business, Acquisitions
📚 Related People & Topics
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...
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.
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...
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...
🔗 Entity Intersection Graph
Connections for Getir:
- 🏢 Uber (1 shared articles)
- 🌐 Logistics (1 shared articles)
- 🌐 Acquisition (1 shared articles)
- 🌐 Delivery service (1 shared articles)
📄 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.