Uber to buy delivery arm of Turkey’s Getir

Uber has agreed to get the transportation concern of Turkey’s Getir, erstwhile 1 of the biggest occurrence stories of the country’s startup ecosystem, the institution announced connected Monday

The woody volition spot Uber paying $335 million astatine the outset to acquisition Getir’s nutrient transportation business. The ride-hailing elephantine volition besides wage $100 cardinal for a 15% involvement successful Getir’s grocery, retail and h2o transportation business, and said it would implicit the acquisition of the part implicit the adjacent fewer years.

Uber is buying the concern from Getir’s biggest shareholder, the Emirati sovereign wealthiness money Mubadala. The concern steadfast was reportedly seeking to merchantability its involvement successful the institution past year.

The woody comes aft a turbulent fewer years for Getir, which erstwhile enjoyed a valuation of $12 billion. Getir has scaled down its operations massively from conscionable a fewer years ago. The institution launched to large traction successful 2015, and invested aggressively to expand its operations successful the U.S. and Europe, some organically and via acquisitions, particularly during the pandemic.

But aft the pandemic lockdowns eased, broader user request for nutrient and market transportation besides wavered, and Getir chose to cut its losses successful 2024, shutting store and laying disconnected thousands of unit successful the U.S., U.K, and Europe successful bid to absorption connected concern backmost home.

Nearly a twelvemonth ago, the institution went done a struggle for control implicit a restructuring program projected by Mubadala. The program was opposed by 1 of Getir’s co-founders, who yet sued to combat the “illegal coup,” but a Dutch tribunal rejected the founder’s appeals.

The institution has raised a full of $2.40 cardinal truthful far, according to PitchBook. Documents filed by Getir successful tribunal past twelvemonth amusement the institution valued its radical assets astatine $374 million.

“This transaction reflects the spot of the concern and the advancement it has made, peculiarly implicit the past year,” Waleed Al Mokarrab Al Muhairi, lawman radical CEO astatine Mubadala, said successful a statement.

Uber said it would harvester the caller unit’s services with Trendyol Go, a nutrient and market transportation work successful Turkey that the ride-hail elephantine bought for $700 cardinal past May. Uber said Getir’s nutrient transportation concern unsocial recorded gross bookings of much than $1 cardinal successful 2025, up 50% from a twelvemonth earlier.

The woody follows a beardown showing by Uber’s transportation concern successful the 4th quarter, reporting gross of $4.89 billion, up 30% from a twelvemonth earlier. The institution said Europe, Middle-East and Asia proved the fastest-growing portion for the concern successful 2026.