Uber buys the delivery arm of the Turkish company Getir

Uber has agreed to acquire the ride-hailing business of Turkish company Getir, which was once one of the biggest success stories in the country’s startup ecosystem. Announce on monday

The deal will see Uber… By paying $335 million Initially to buy Getir’s food delivery business. The ride-hailing giant will also pay $100 million for a 15% stake in Getir’s grocery, retail and water delivery businesses, and said it will complete the acquisition of the division over the next few years.

Uber is buying the business from Getir’s largest shareholder, UAE sovereign wealth fund Mubadala. It was an investment company It is said In an effort to sell his stake in the company last year.

The deal comes after a turbulent few years for Getir, which once enjoyed a $12 billion valuation, which led to the startup significantly reducing its operations. The company launched with great force in 2015, and Invested heavily to Expand that it Operations In the US and Europe, both organically and through acquisitions, especially during the pandemic.

But as pandemic lockdowns eased, broader consumer demand for food and grocery delivery also declined, and Getir chose to Reduce your losses In 2024, the store will be closed and thousands of employees in the US, UK and Europe will be laid off in order to focus on the business back home.

Nearly a year ago, the company went through Struggle for control Regarding the restructuring plan proposed by Mubadala. This plan was opposed by one of Jeter’s founders, who eventually filed a lawsuit to fight the “illegal coup,” but the Dutch court rejected the founder’s appeals.

The company has raised a total of $2.40 billion to date, according to PitchBook. Documents foot Getir’s report in court last year showed that the company valued its group’s assets at $374 million.

Waleed Al Mokarrab Al Muhairi, Executive Vice President of Mubadala Group, said in a statement: “This deal reflects the strength of the business and the progress it has achieved, especially over the past year.”

Uber said it will integrate the new unit’s services with Trendyol Go, a food and grocery delivery service in Türkiye provided by the ride-hailing giant. Bought For $700 million last May, Uber said that Getir’s food delivery business alone recorded total bookings of more than $1 billion in 2025, an increase of 50% from the previous year.

This deal comes on the heels of the strong performance achieved by Uber’s delivery business in the fourth quarter. Preparing reports Its revenue was $4.89 billion, up 30% from the previous year. Europe, the Middle East and Asia have proven to be the fastest growing region for business in 2026, the company said.