Consumer/News/ Speedy grocery Getir buys UK competitor Weezy It’s the latest consolidation in a fiercely competitive industry where investors say only one or two big winners will emerge. By Eleanor Warnock 23 November 2021 Credit: Katja Staple Credit: Katja Staple \Consumer 10 European pregnancy startups to watch By Selin Bucak 31 January 2023 Consumer/News/ Speedy grocery Getir buys UK competitor Weezy It’s the latest consolidation in a fiercely competitive industry where investors say only one or two big winners will emerge. By Eleanor Warnock 23 November 2021 Getir, Europe’s most valuable speedy grocery startup, said Tuesday it was buying its smaller UK competitor Weezy. It’s the latest consolidation in a fiercely competitive industry where investors say only one or two big winners will emerge. Getir said Tuesday that the acquisition “further solidifies Getir’s long-term commitment to the UK market”. Founded in 2019, Weezy operates in London, Manchester, Brighton and Bristol. The company’s 700 employees will join Getir. No sale price was given. Based in Turkey, Getir launched in Europe earlier this year, promising to bring everyday grocery items to homes in a matter of minutes with the use of a mobile app. The service was the most downloaded speedy grocery app in Europe this year, according to App Radar. The company, which has raised more than $1bn, also launched in the US earlier this month, one of only two European services to make the jump across the Atlantic to date. It’s not the only acquisition in the speedy grocery sector. US on-demand grocery giant Gopuff bought two UK competitors, Dija and Fancy, this year. People with knowledge of the matter say that Gopuff also looked into acquiring Weezy. In Europe, Weezy only had 85,000 downloads on the Google Play store this year, compared to Getir’s 7.7 million. Additional reporting by Amy Lewin. Related Articles Gen Z shopping app from two ex-Revoluters raises $3m By Amy O'Brien Click here to read more Top 10 early-stage startups making waves in eastern Europe Supported by EMERGE Click here to read more The startups wanting to make art auctions available online By Layli Foroudi Click here to read more ‘There are only corpses ahead of us’: How Carl Pei’s Nothing is taking on the mighty iPhone By Eleanor Warnock Click here to read more Most Read 1 \Venture Capital How to raise a $33m Series A during an economic downturn 2 \Fintech Six fintech ideas VCs want you to pitch in 2023 3 \Deeptech Europe’s most active deeptech investors 4 \Deeptech Europe’s generative AI startups, mapped 5 \Consumer 20 foodtech startups to watch, according to investors
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