Getir made a statement regarding Sky News’ alleged “dichotomy” allegations. In the official statement, it was stated that the news of the division was true.
One of Turkey’s leading fast delivery companies Bring There was a remarkable development regarding the issue. According to a report by Sky News without specifying the source, Getir will be in the near future. will split in two. Abu Dhabi State Fund Mubadala, one of Getir’s largest shareholders, gave the company a contract to speed up this process. $250 million It was claimed that he would invest more.
According to Sky News, the division of Getir was announced by the company’s top managers. Batuhan Gultakan It would be managed by. Nazım Salur, the founder of Getir, was very involved in this process. wouldn’t interfere. He would manage subsidiaries such as Salur, Getir Drive and BiTaksi. Mubadala would manage Getir’s operations in Turkey.
Official statement from Getir
An official statement came from the Getir front regarding the issue that has been on the agenda since the morning. In the statement, it was stated that the allegations were true. Getir used the following statements in his official press release:
Getir, the pioneer of the fast grocery delivery industry, announced today that it has received a new investment of 250 million dollars. Going through a strategic restructuring after this investment, Getir will continue its activities as two separate groups, each focusing on different market opportunities. While the first group will focus on Getir’s online grocery and food delivery service business in Turkey, the second group will handle Getir’s e-commerce, finance, mobility and other activities, including FreshDirect in the USA.
Mubadala Investment Company, one of Getir’s existing shareholders, will provide additional capital to the company and acquire management and majority shares in Getir’s online grocery and food delivery service business in Turkey. The founders of Nazım Salur and Getir will continue to hold minority shares in the group formed after the new restructuring. The restructuring will enable Getir to focus more strongly on this area as the leader of the online grocery delivery industry in Turkey with more resources. Getir will continue to offer quality service and unique customer experience with its experience and strong team in the online grocery delivery sector in Turkey.
The other group, formed within the scope of restructuring and managed by Nazım Salur and Getir founders as major partners, will manage n11, which operates in the field of e-commerce, GetirBiTaksi and GetirAraç in the field of mobility, career platform Getirİş and FreshDirect, which operates in the field of grocery delivery in New York. Mubadala and other investors in the new investment round will have a minority stake in the group covering these services.
The partnership structure of GetirFinans, which Getir is preparing to launch after obtaining the necessary permissions to provide services in the financial field, is 40 percent owned by Getir’s founders, 32 percent from Mubadala and other investors in the new investment round, 20 percent from İş Bankası’s investment fund Maxis and 8 percent from It will be in the form of crankstart.
Following the completion of the necessary approval processes, both groups will continue to operate under the umbrella of the Getir application within the scope of the new structuring. Getir users will access all services from the existing Getir application and there will be no difference for the users.
Evaluating the new structure, Getir Founder Nazım Salur said: “We are proud to have initiated a first in the world with the delivery of grocery products in 10 minutes 9 years ago. Our success in this sector that we created and pioneered would not have been possible without the dedication and hard work of all Getir’s employees and investors. I thank all of them for their contributions so far. “This new structure we have created will enable Getir’s online grocery and food delivery services to be better positioned in Turkey, while allowing me and my co-founders to devote sufficient time to other promising Getir services.” said.
Getir Board Member and Mubadala Diversified Investments Platform CEO Hani Barhoush said the following regarding the restructuring and the latest investment: “Mubadala has always been a long-term and determined investor of Getir. Our latest investment reflects our strong confidence in the future promised by the company’s core business in Turkey. On behalf of the Board of Directors, I would like to express our appreciation and gratitude to Nazım Salur for the vision and leadership he has brought to Getir over the years, and I look forward to continuing to cooperate with him.”
Getir Board of Directors appointed Batuhan Gültakan, who has worked in many areas at Getir since the early days of its establishment and most recently the CEO of the grocery service in Turkey, as the leader of the company’s online grocery and food delivery services in Turkey.
By separating its activities with this strategic new structuring, Getir aims to structure resources and strategic targets more effectively with an innovative and agile management approach in both groups.
Source :
https://news.sky.com/story/getir-shareholders-back-break-up-of-food-delivery-app-13157873