It was stated that Getir, one of the pioneers of the fast delivery industry, lost nearly 50% of its value in a year. Getir denied the allegations.
Getir, one of Turkey’s largest international initiatives, came to the fore with a big claim today. It was stated that the company, which received an investment with a valuation of 11.8 billion dollars last March and achieved the title of ‘decacorn’, lost approximately 50% in 1 year.
Getir, which is said to have received an investment of 500 million dollars from the United Arab Emirates-based investment company Mubadala at the beginning of the week, is determined by the market value determined for this transaction. $6.5 billion was allegedly determined. Getir made a statement on the subject.
Getir’s explanation for the allegations:
“As a growth-focused company, Getir is always in talks with existing or potential investors for new investment opportunities. However, recent rumors that Getir has currently received $500 million in investment at a valuation of $6.5 billion are untrue. We will share this news with the public when we complete a new investment round on valuation or when we provide convertible financing.”
The alleged depreciation of Getir was also based on concerns in the industry:
Getir gained great value especially during the pandemic period and increased its activities rapidly. as it stands fast delivery idea to home caught the eye of many investors. One of the biggest representatives of this field was Getir.
The value of Getir, the first decacorn in its sector, has increased with the end of the pandemic. life returning to normal as well as state of the global economy It was stated that he fell due to Particularly, there has been a great decline in investments in venture investment. Worries about the future of money started in many countries of the world, and central banks pressed the button to raise interest rates.
What is Decacorn?
‘decacorn’, which we started to hear a lot with the investments made at a very high level until the previous year, Companies and startups with a market capitalization of more than $10 billion used for. Turkey’s first Decacorn was Trendyol, an electronic commerce platform.
Source :
https://gazeteoksijen.com/ekonomi/getir-decacorn-unvanini-kaybetti-degeri-65-milyar-dolara-indi-176191