Getir officially announced: the company will be split in two
June 24, 2024
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One of Turkey’s leading fast delivery companies To take There was a remarkable development on this subject. According to a report from Sky News, without specifying the source,
One of Turkey’s leading fast delivery companies To take There was a remarkable development on this subject. According to a report from Sky News, without specifying the source, Getir will be in the near future. will split in two. Abu Dhabi State Fund Mubadala, one of Getir’s largest shareholders, gave the company a contract to accelerate this process. $250 million It was said that he would invest more.
According to Sky News, Getir’s split was announced by the company’s top executives. Batuhan Gultakan It would be managed by. Nazim Salur, the founder of Getir, was very involved in this process. would not intervene. He would head subsidiaries such as Salur, Getir Drive and BiTaksi. Mubadala would lead Getir’s operations in Turkey.
Getir official statement
An official statement came from the Getir Front on the issue that has been on the agenda since this morning. The statement said the allegations were true. Getir used the following statements in his official press release:
Getir, the pioneer in fast grocery delivery, today announced it has received a new investment of $250 million. Following this investment, Getir will undergo a strategic restructuring and continue operations as two separate groups, each focusing on different market opportunities. While the first group will focus on Getir’s online grocery and food delivery services in Turkey, the second group will handle Getir’s e-commerce, financial, mobility and other businesses, including FreshDirect in the US.
Mubadala Investment Company, one of Getir’s existing shareholders, will provide additional capital to the company and acquire management and majority shares in Getir’s online grocery and food delivery business in Turkey. The founders of Nazim Salur and Getir will continue to hold minority shares in the group formed after the new restructuring. The restructuring will allow Getir to focus more strongly in this area as the leader of the online grocery delivery sector in Turkey, with more resources. Getir will continue to provide quality service and a unique customer experience with its experience and strong team in the online grocery delivery industry in Turkey.
The other group, formed within the framework of the restructuring and managed by the founders of Nazim Salur and Getir as key partners, will manage n11, which operates in the field of e-commerce, GetirBiTaksi and GetirAraç in the field of mobility, career platform Getirİş and FreshDirect. , active in grocery delivery in New York. Mubadala and other investors in the new investment round will have a minority stake in the group that provides these services.
The partnership structure of GetirFinans, which Getir plans to launch after obtaining the necessary permissions to provide services in the financial field, is 40 percent owned by Getir’s founders, 32 percent by Mubadala and other investors in the new investment round, for 20 percent of İş Bankası’s investment fund Maxis and 8 percent of which will be in the form of a crank start.
Following the completion of the necessary approval processes, both groups will continue to operate within the scope of the new structuring under the umbrella of the Getir application. Getir users will have access to all services of the existing Getir application and there will be no difference for the users.
Evaluating the new structure, Getir founder Nazım Salur said: “We are proud that 9 years ago we initiated a world first with grocery delivery in 10 minutes. Our success in this sector that we have created and developed would not have been possible without the dedication and hard work of all Getir employees and investors. I thank them all for their contributions so far. “This new structure we have created will allow Getir’s online grocery and food delivery services to be better positioned in Turkey, while allowing me and my co-founders to devote sufficient time to other promising Getir services.” said.
Commenting on the restructuring and the latest investment, Hani Barhoush, Getir Board Member and CEO of the Mubadala Diversified Investments Platform, said: “Mubadala has always been a committed, long-term investor at Getir. Our latest investment reflects our strong confidence in the future promised by the company’s core business in Turkey. On behalf of the Board of Directors, I would like to express our appreciation and gratitude to Nazim Salur for the vision and leadership he has brought to Getir over the years, and I look forward to continuing to work with him.”
Getir’s board of directors has appointed Batuhan Gültakan, who has worked in many areas since Getir’s founding and most recently CEO of the grocery service in Turkey, to lead the company’s online grocery and food delivery services in Turkey.
By separating its activities with this strategic new structuring, Getir aims to structure resources and strategic objectives more effectively with an innovative and flexible management approach in both groups.
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