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Uber to buy delivery arm of Turkey’s Getir
Yahoo Finance· 2026-02-09 15:07
Core Insights - Uber has agreed to acquire Getir's food delivery business for $335 million and a 15% stake in Getir's grocery, retail, and water delivery business for an additional $100 million, with plans to complete the acquisition over the next few years [2][3] Group 1: Acquisition Details - The acquisition involves Uber purchasing Getir's food delivery business from Mubadala, Getir's largest shareholder, which has been looking to divest its stake [3] - Uber's strategy includes integrating Getir's services with Trendyol Go, another delivery service it acquired for $700 million [7] Group 2: Getir's Business Performance - Getir, once valued at $12 billion, has faced significant operational scaling back due to declining consumer demand post-pandemic, leading to layoffs and a focus on its domestic market [4][5] - The company has raised a total of $2.40 billion and reported its group assets valued at $374 million [6] Group 3: Financial Performance - Getir's food delivery business recorded gross bookings exceeding $1 billion in 2025, reflecting a 50% increase from the previous year [7] - Uber's delivery business reported a revenue of $4.89 billion in Q4, marking a 30% increase year-over-year, with Europe, the Middle East, and Asia identified as the fastest-growing regions [8]
The Hidden Cost of Selling Your Startup
Whenever we sell companies and they're CEOs and they go in a bigger company and they sign up for a year, I put a little note in my calendar after about 3 months to check in cuz they'll need some therapy. I remember one of the guys said to me, "I've accomplished my day at 9:07 and then the rest of my morning is just about not getting into trouble by saying stuff." It's just a very different gig. ...