According to information obtained by News, the company’s shareholders have tentative plans to invest tens of millions of pounds more in Getir in the upcoming weeks, despite the fact that the company’s layoffs could threaten thousands of employment.
Leading investors, including Mubadala, the state-backed fund in Abu Dhabi, Sequoia Capital, and Tiger Global, are alleged to have approved the new funding plan in recent days, according to people with direct knowledge of the matter.
It will increase the over $2 billion that Getir has previously raised, positioning it as one of the most well-funded fast-delivery platforms in the world.
Expected soon is a statement from Getir, which translates to ‘to bring’ in Turkish, effectively ending an unfortunate rapid growth into Europe.
