Food distribution company Getir, which came to the fore with its withdrawal from the European and US markets in the past months, has now managed to come to the fore with its new investment. According to the new information shared, the company will receive a large investment from Abu Dhabi’s Mubadala wealth fund as Getir’s largest shareholder, but the company will be divided into two. Here are the details…
Getir is going to split with the investment it will receive
Getir, which announced that it has stopped its foreign operations due to financial difficulties, will be divided with the new investment it will receive. Abu Dhabi’s state investment fund Mubadala, one of Getir’s partners, announced that it will invest up to 250 million dollars in new capital in the food distribution company. With the investments made, Getir will continue the process as two independent companies.
Aiming to further expand its distribution network in the Turkish market and make operations more disciplined, the company plans to continue its food and grocery distribution operations as a company, while the second company will maintain Getir’s other assets.
Getir is coming out of Europe and the USA!
Getir announced that it has decided to exit the European and US markets. Accordingly, the company will focus more on Turkey.
While the current manager Batuhan Gültakan will lead the division of the company, Getir founder Nazım Salur will not have any duties on the food and meal distribution side. It was said that Nazım Salur will focus on other services such as BiTaksi and Getir Vehicle.
Getir, which aims to have a larger market share and a wider distribution network with the new investment and company division, seems to focus more on other services.
So, what do you think about Getir’s new investment and division? You can share your thoughts in the comments.