Getir buys fast grocery rival Gorillas in $1.2 billion deal


FILE PHOTO: A courier of the fast grocery deliverer Getir rides a bike as Amsterdam and Rotterdam have moved to ban new "dark store" delivery hubs in the city centres, in Amsterdam, Netherlands February 8, 2022. REUTERS/Piroschka van de Wouw/File Photo

ISTANBUL (Reuters) - Turkish delivery company Getir has bought German rival Gorillas in a deal worth $1.2 billion that will merge two of the remaining companies in Europe promising groceries in minutes.

Serkan Borancili, who founded Istanbul-based Getir in 2015, shared the price tag on Twitter on Friday and said the combined company was now stronger.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

We do not censor social media, EU says in response to Meta
Italy defence minister dampens talk of Starlink deal for secure communications
Honeywell, NXP Semiconductors expand partnership to develop aviation technology
AT&T will offer bill credits for outages to 'make it right' with customers
OpenAI chief Sam Altman denies sexually abusing sister, after she sues him
Quantum computing stocks take a hit as Nvidia CEO predicts long road ahead
UK universities join retreat from Elon Musk's X, citing misinformation on platform
Meta to test showing eBay listings on Facebook Marketplace
Factbox-Data center companies investing in Brazil
In a first, EU Court fines EU for breaching own data protection law

Others Also Read