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Grocery-delivery app Getir, now worth $7.5 billion, eyes a US listing within 2 years

Mount Equity Group Tokyo, Japan > News > Markets > Grocery-delivery app Getir, now worth $7.5 billion, eyes a US listing within 2 years

Nazim Salur, founder of 10-minute grocery delivery service Getir.

Grocery-delivery startup Getir is now valued at $7.5 billion after its third funding round of 2021. CEO Nazim Salur says the firm, about to expand to the US, is considering a US IPO in two years. Getir is among a crop of grocery-delivery apps ratcheting up wild valuations this year. See more stories on Insider’s business page.

Grocery-delivery app Getir has been valued at $7.5 billion after raising more than $550 million in funding, its third capital raise of 2021, as it prepares to launch in the US.

Insider first reported rumors of the round earlier in May.

Founded in Turkey in 2015, Getir is among the crop of apps promising 10-minute grocery delivery and raising wild amounts of cash. Data analyzed for Insider by Pitchbook prior to Getir’s latest raise showed tech investors in Europe had already plowed $1.6 billion into grocery delivery startups in 2021, more than double the investment into the sector for the entirety of 2020. Getir alone has raised almost $1 billion this year.

Its app enables users to order a limited range