Getir managed to raise its value to 11.8 billion dollars by collecting an investment of 768 million dollars in its latest investment round and attain the title of ‘decacorn’. The company had surpassed a $1 billion valuation just a year ago.
Getir, a fast delivery service that has experienced a very rapid growth process in Turkey, took a little over a year. to expand the number of countries it serves to 9 succeeded. Having achieved great success against its competitors in the countries it competes with, the company reached a valuation of 1 billion dollars in March last year and became one of the first to achieve this success in Turkey by taking the title of unicorn.
But for Getir, this seemed like just the beginning, and it was. The company reaped the fruits of its efforts and completed its latest investment tour. Bring, 768 million dollars investment in the last round increased company value to $11.8 billion. The company thus gained more than 10 times its value in almost exactly one year, and achieved the title of ‘decacorn’.
“Turkey shows what the entrepreneurship ecosystem can achieve”
Getir Founder Nazım Salur said in a statement:The fact that Getir is the first decacorn in its sector in Europe shows what the Turkish entrepreneurship ecosystem can achieve.” he said. Salur, the idea of fast delivery attracted great interest by investors.stated that the interest of the investors in the last investment round is also an indication of their trust in Getir and their support that enables them to grow in international markets. Salur concluded his words as follows:
“While we continue to expand our activities both in Turkey and abroad with the new resource, we will continue to invest in our employees and add new talents to our structure.”
It rose to the 4th place in the list of unicorn companies in Europe
According to the data published by CB Insights, which lists the unicorn companies in the world, Getir rose to the 36th place among 1,052 unicorn companies in the world with the latest valuation. This valuation also includes Fetch. It brought it to the 4th place in the list of unicorn companies in Europe.
Getir started its international activities with England in January of last year. In a short time, it entered the markets of Germany, France, Italy, Spain, the Netherlands and Portugal, and started to serve in the USA in November. Getir, as well as Turkey’s 81 provinces With more than 1,100 warehouses in 48 cities abroad servicing.
What is Decacorn?
A relatively new concept in the venture industry, ‘decacorn’ is used for companies with a market capitalization of over $10 billion. Turkey’s first Decacorn was the electronic commerce platform Trendyol.
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