Uber has agreed to buy Getir’s delivery operations in Turkey from its controlling shareholder, Abu Dhabi sovereign wealth fund Mubadala. The deal covers all of Getir’s delivery portfolio, including its food, grocery and water services.
The move comes amid a broader push into the Middle East by Uber, which plans to combine Getir with Trendyol, another Turkish delivery service it acquired in May last year.
“With a thriving digital economy and a dynamic consumer base, Uber is committed to investing in Türkiye for the long term,” Dara Khosrowshahi, CEO of Uber, said in a statement.
Getir was founded in 2015 by Nazim Salur, who also founded Turkish ride-hailing app BiTaksi. The company expanded at pace across Europe in 2020 and 2021, as the Covid-19 pandemic triggered a surge of interest in food delivery.
Investors piled in: Getir raised a $768m Series E round in 2022 led by Mubadala, giving it a peak valuation of $11.8bn. Other investors included Sequoia and Tiger Global.
The pandemic-fuelled delivery craze then cooled, however, and Getir ended up withdrawing from the countries in Europe it had expanded into. The company also left the US.
At the end of 2024, Mubadala led a $250m cash injection into Getir, in exchange for a control of its food and grocery business in Turkey. As part of the deal, Getir underwent a major restructure and Salur stepped down as CEO.
Salur went on to sue Mubadala in a Dutch court. It ruled that Mubadala had acted in the interests of the company, which was facing immediate bankruptcy.
Prior to the deal with Uber, Mubadala had already sold Getir Arac, a car rental business, to rival firm TikTak.
