{"id":28455,"date":"2024-06-25T19:01:29","date_gmt":"2024-06-25T16:01:29","guid":{"rendered":"https:\/\/entarabi.com\/?p=28455"},"modified":"2024-06-25T19:01:29","modified_gmt":"2024-06-25T16:01:29","slug":"getir-secures-250-million-investment","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2024\/06\/getir-secures-250-million-investment\/","title":{"rendered":"Getir Receives $250 Million Injection from Mubadala"},"content":{"rendered":"<p>Turkish grocery delivery company <a href=\"https:\/\/getir.com\/us\/\" rel=\"nofollow noopener\" target=\"_blank\">Getir<\/a> announced it has secured a $250 million investment. This investment will be divided into two groups as part of a comprehensive restructuring plan aimed at focusing on different markets.<\/p>\n<h2><span style=\"font-size: 14pt;\"><strong>Getir Plans to Target Diverse Markets<\/strong><\/span><\/h2>\n<p>According to Getir&#8217;s statement, the first group will concentrate on local online grocery stores and food delivery services. The second group will continue its operations in e-commerce, non-banking financial services, and transportation, and enhance the operations of FreshDirect, a company based in the United States.<\/p>\n<h2><span style=\"font-size: 14pt;\"><strong>Capital Injection from Mubadala Investment Company<\/strong><\/span><\/h2>\n<p>Getir revealed that <a href=\"https:\/\/www.mubadala.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Mubadala Investment<\/a> Company, a current shareholder in Getir, will inject capital and retain management control and a majority stake in the company&#8217;s operations in Turkey under the restructuring plan. Meanwhile, the founders, including Naz\u0131m Salur and others, will hold a minority stake.<\/p>\n<h2><span style=\"font-size: 14pt;\"><strong>The focus of the Second Group<\/strong><\/span><\/h2>\n<p>The second group, where Salur and other founders will maintain a majority stake, will focus on the e-commerce arm &#8220;N11,&#8221; transportation services Getir BiTaksi and Getir Ara\u00e7, and the New York-based grocery delivery unit FreshDirect, among other ventures.<\/p>\n<h2><span style=\"font-size: 14pt;\"><strong>Strategic Withdrawal from European and American Markets<\/strong><\/span><\/h2>\n<p>In April, Getir announced its decision to withdraw from its remaining European and American markets to concentrate on its primary domestic market. This move represents a significant shift following the company&#8217;s rapid expansion and success in recent years.<\/p>\n<p>Read Also: <a href=\"https:\/\/entarabi.com\/en\/2024\/06\/central-bank-launches-regulatory-sandbox-framework-to-boost-innovation-in-financial-services-sector\/\">Central Bank Launches Regulatory Sandbox Framework to Boost Innovation in Financial Services Sector<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Turkish grocery delivery company Getir announced it has secured a $250 million investment. This investment will be divided into two groups as part of a comprehensive restructuring plan aimed at focusing on different markets. Getir Plans to Target Diverse Markets According to Getir&#8217;s statement, the first group will concentrate on local online grocery stores and [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":28456,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1810,1772],"tags":[4898,4897],"class_list":["post-28455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fintech","category-startups","tag-getir-en","tag-mubadala-investment"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/28455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=28455"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/28455\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/28456"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=28455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=28455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=28455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}