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Uber has agreed to acquire the delivery business of Turkey\u2019s Getir, once one of the biggest success stories of the country\u2019s startup ecosystem, the company announced<\/a> on Monday<\/p>\n The deal will see Uber paying $335 million<\/a> at the outset to purchase Getir\u2019s food delivery business. The ride-hailing giant will also pay $100 million for a 15% stake in Getir\u2019s grocery, retail and water delivery business, and said it would complete the acquisition of the division over the next few years.<\/p>\n Uber is buying the business from Getir\u2019s biggest shareholder, the Emirati sovereign wealth fund Mubadala. The investment firm was reportedly<\/a> seeking to sell its stake in the company last year.<\/p>\n The deal comes after a turbulent few years for Getir, which once enjoyed a valuation of $12 billion, that saw the startup scale down its operations massively. The company launched to great traction in 2015, and invested aggressively<\/a> to expand<\/a> its operations<\/a> in the U.S. and Europe, both organically and via acquisitions, especially during the pandemic.<\/p>\n But after the pandemic lockdowns eased, broader consumer demand for food and grocery delivery also wavered, and Getir chose to cut its losses<\/a> in 2024, shutting shop and laying off thousands of staff in the U.S., U.K, and Europe in order to focus on business back home.<\/p>\n Nearly a year ago, the company went through a struggle for control<\/a> over a restructuring plan proposed by Mubadala. The plan was opposed by one of Getir\u2019s co-founders, who eventually sued to fight the \u201cillegal coup,\u201d but a Dutch court rejected the founder\u2019s appeals.<\/p>\n The company has raised a total of $2.40 billion so far, according to PitchBook. Documents filed<\/a> by Getir in court last year show the company valued its group assets at $374 million.<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tBoston, MA<\/span> \u201cThis transaction reflects the strength of the business and the progress it has made, particularly over the last year,\u201d Waleed Al Mokarrab Al Muhairi, deputy group CEO at Mubadala, said in a statement.<\/p>\n Uber said it would combine the new unit\u2019s services with Trendyol Go, a food and grocery delivery service in Turkey that the ride-hail giant bought<\/a> for $700 million last May. Uber said Getir\u2019s food delivery business alone recorded gross bookings of more than $1 billion in 2025, up 50% from a year earlier.<\/p>\n The deal follows a strong showing by Uber\u2019s delivery business in the fourth quarter, reporting<\/a> revenue of $4.89 billion, up 30% from a year earlier. The company said Europe, Middle-East and Asia proved the fastest-growing region for the business in 2026.<\/p>\n<\/div>\n
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tJune 23, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n