The speed of Getir’s deliveries, from a network of neighborhood warehouses, matches the astonishing pace of the company’s recent expansion. In just six months, Getir raised nearly $1 billion to fuel this outburst. “We accelerated our plans to go to more countries because if we don’t, others do,” said Nazim Salur, a founder of Getir (the word is Turkish for “bring”). In London alone, five new rapid grocery delivery companies have taken to the streets in the past year or so. Glovo, a six-year-old Spanish company that delivers restaurant meals as well as groceries, raised more than half a billion dollars in April, just a month after Gopuff, based in Philadelphia, raised $1.5 billion from investors, including SoftBank’s Vision Fund.

Source: New York Times July 27, 2021 09:00 UTC