Business & Finance

Turkish delivery firm Getir says raises $128 million for expansion

  • Getir intends to use the new funds to couple exponential growth in Turkey with international expansion.
  • Two sources told Reuters this month that Getir had reached an agreement in principle to secure more than $100 million in funding.
Published January 19, 2021 Updated January 19, 2021 05:55pm
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ISTANBUL: Turkish rapid delivery company Getir said on Tuesday it had raised $128 million for international expansion in a funding round, valuing the company at about $850 million.

"Getir intends to use the new funds to couple exponential growth in Turkey with international expansion," it said in a statement. Two sources told Reuters this month that Getir had reached an agreement in principle to secure more than $100 million in funding.