News

September 8, 2023

Getir valuation reduced 4x in new $500m funding round

The funding round follows the company exiting markets and slashing costs to address cashflow issues


Tim Smith

2 min read

Credit: Katja Staple

Speedy grocery company Getir has raised $500m in fresh financing at a much-reduced post-money valuation of $2.5bn. That’s less than a quarter of the $11.8bn valuation the Turkish scaleup attracted when it last raised money in 2022, according to reporting by the Financial Times.

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Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

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