Turkish on-demand food and grocery delivery start-up
Getir is the Istanbul-born pioneer of ultra-fast grocery delivery, founded in 2015 by Nazım Salur, Serkan Borançılı, and Tuncay Tütek. The company promises delivery of everyday goods from neighbourhood dark stores in roughly 10 minutes, a category now referred to globally as quick commerce.
After a 2021 funding round valued it at $7.5 billion and a 2022 round at $11.8 billion, Getir expanded aggressively into the UK, Germany, Netherlands, France, Spain, Italy, Portugal, and the United States, and acquired German rival Gorillas in 2022.
A severe correction in the q-commerce thesis followed in 2023 and 2024: Getir withdrew from most international markets and refocused on Turkey, restructured its debt and equity, and was repositioned around its Turkish core plus the BiTaksi ride-hailing and GetirFinans subsidiaries.
The operating backbone in Turkey remains headquartered in Istanbul, while the top holding company sits in the Netherlands to accommodate international investors. Remaining backers include Mubadala, Sequoia Capital, Tiger Global, Silver Lake, and Abu Dhabi-based investors.
Getir's corporate structure is a case study in how a Turkish startup scales into global venture-capital territory - and in what happens when the underlying market thesis compresses. The Turkish operating company, Getir Perakende Lojistik A.Ş., was incorporated in Istanbul in 2015 and held the early cap table locally.
As institutional investors entered (Michael Moritz at Sequoia led the 2020 round), the founders flipped the structure and introduced Getir B.V. in the Netherlands as the ultimate parent, with the Turkish A.Ş. becoming a wholly owned operating subsidiary.
The Dutch holding solved several problems at once: it placed the cap table in a common-law-friendly jurisdiction preferred by Silicon Valley VCs, it allowed preferred stock classes with liquidation preferences that Turkish corporate law does not natively support in the same way, and it created an offshore IP holder for the Getir brand.
International operating entities in the UK (Getir UK Ltd), Germany (Getir Germany GmbH), the US (Getir USA Inc.), and other markets were subsidiaries of the Dutch parent rather than of the Turkish A.Ş., insulating the Turkish business from foreign legal and labour risk.
The 2022 Gorillas acquisition was executed at the Dutch-parent level as a share swap, enabling Gorillas shareholders to roll their equity into Getir B.V. without triggering a Turkish merger clearance. The 2024 retrenchment then used this same structure in reverse: winding up or selling foreign subsidiaries ring-fenced the losses and kept the Turkish core protected.
For founders, the lessons are clear. First, if you raise from top-tier international VCs, expect to flip into a Delaware C-Corp or a Dutch B.V. as early as your Series A - the sooner you do it, the cheaper the tax and legal friction. Second, keep your operating entity in Turkey as a standalone A.Ş.; it makes local hiring, tax, and regulatory life normal.
Third, design the holding so that international expansion uses separately capitalised subsidiaries - you will thank yourself if you ever need to unwind them.
Getir's operating headquarters is in Istanbul, at the Kavacık campus on the Asian side of the Bosphorus, where its core engineering, operations, and executive teams are based. The ultimate holding company, Getir B.V., is registered in Amsterdam, the Netherlands, for investor and governance reasons, a common structure for Turkish startups that have raised international venture capital.
Despite the offshore parent, Getir is culturally and operationally a Turkish company, with the founders, leadership, and the majority of employees based in Istanbul, and the overwhelming majority of revenue today coming from Turkish dark-store operations.
Getir is a privately held company. Its cap table includes the three co-founders (Nazım Salur, Serkan Borançılı, and Tuncay Tütek, with Nazım Salur as the leading founder-operator), together with venture capital and sovereign wealth investors including Mubadala, Sequoia Capital, Tiger Global, Silver Lake, and G Squared, plus investors who rolled in through the 2022 Gorillas acquisition.
After the 2024 restructuring, ownership percentages were materially recut, with Mubadala-led capital taking a larger share. The company is not publicly listed and does not disclose a full cap table, although headline rounds and valuations have been widely reported.
No. Getir is a privately held company and is not listed on any stock exchange. At its 2022 peak the company was valued at $11.8 billion in a late-stage private round, making it one of the most valuable startups ever founded in Turkey. An IPO was discussed in 2021 and 2022 but was shelved as public-market sentiment toward q-commerce deteriorated.
Following the 2023-2024 retrenchment out of international markets, any listing is unlikely in the near term. Financial reporting is therefore limited to what is disclosed to investors privately and to Turkish statutory filings for the local operating entity.
Getir operates an ultra-fast delivery platform that brings groceries, convenience items, and prepared food from its network of neighbourhood dark stores to customers within roughly 10 minutes.
In addition to its flagship Getir grocery service, the group runs GetirYemek (restaurant delivery), GetirBüyük (larger basket weekly shop), GetirÇarşı (local shop marketplace), and GetirSu (bottled water delivery), and owns ride-hailing brand BiTaksi plus fintech arm GetirFinans.
After exiting the UK, Germany, Netherlands, France, Spain, Italy, Portugal, and the US in 2024, the company refocused almost entirely on Turkey, where it remains the category leader.
