The fast-track grocery delivery firm Getir is set to expand into the US, France and Germany after raising more than $550m in a funding round that values the Turkish company at more than $7.5bn. At that valuation, Getir, founded in 2015, is worth more than the takeaway courier group Deliveroo and big retailers such as Marks & Spencer and Morrisons. Berlin-based Flink also announced on Friday that it had raised $240m to expand its business into more cities and countries. It aims to have reached between 15 and 20 UK cities including Bristol, Liverpool and Glasgow by the end of the year. “Our model and approach to ultrafast delivery is thriving and this latest round of funding further enables us to deliver our best-in-class service,” said Nazim Salur, the founder of Getir.

Source: The Guardian June 04, 2021 15:45 UTC