(Tiper Stock Exchange) – Getira Turkish company active in ultra-fast delivery of groceries, has announced the acquisition of Gorillas, a delivery company active in the same segment and based in Berlin. It is a important operation for the consolidation of the sectorwhich has faced steep staffing and corporate valuation cuts in recent months amid significant funding difficulties for technology companies.
According to the Financial Times, the acquisition closed at one valuation of $1.2 billionwhile the The combined group is now valued at $10 billion. At the peak of their valuations, Getir and Gorillas had reached valuations of $11.8 billion and $3 billion, respectively.
“THE markets go up and downbut consumers love our service, and convenience, convenience and practicality are here to stay. The ultra-fast grocery delivery sector will grow steadily for many years to come, and Getir will lead this category that it created 7 years ago,” said Nazim Salur, founder of Getir, in a statement.