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FinancialNews


  • 11-12-22

    Turkish delivery company Getir purchases German on-demand grocery company Gorillas

    (MENAFN) Turkey-located grocery delivery firm Getir declared on Friday that it obtained the German company Gorillas.

    "As the global pioneer of ultrafast grocery delivery, we're proud to announce that we've acquired the Berlin-based on-demand grocery delivery company Gorillas," Getir mentioned in an announcement published on LinkedIn.

    "This acquisition reaffirms our long-term commitment and dedication to the sector, and underscores how Getir leads consolidation in the industry. It will allow us to provide an even better service to our valuable customers and affirms our belief that this sector has a bright future," it also mentioned.

    Even though, the amount compensated for the transaction was not revealed, The Financial Times mentioned in a report that it was valued at about USD1.2 billion.

    Getir is a pioneer in quick on-demand grocery delivery with its special model of delivery in minutes, as previously this year, it also became Europe's top grocery delivery decacorn -- a fairly fresh firm that is valued at more than USD10 billion. Its total estimate surged to USD11.8 billion in March with more than 35,000 workers.

    "Markets go up and down, but consumers love our service and convenience is here to stay. The super-fast grocery delivery industry will steadily grow for many years to come and Getir will lead this category it created 7 years ago," Nazim Salur, the firm’s founder, stated in an announcement.

    Co-founder Mert Salur added on LinkedIn that "Getir acquires Gorillas as we look forward to the future of ultra-fast grocery delivery in Europe and beyond. We will do our best to welcome people incoming from Gorillas as we remain determined to continue redefining the industry of groceries."

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