Uber Acquires Getir’s Delivery Business in Turkey
▼ Summary
– Uber is acquiring Getir’s food delivery business for $335 million and taking a 15% stake in its grocery/retail division for $100 million, with plans for a full acquisition later.
– The deal is being purchased from Mubadala, Getir’s largest shareholder, which had been seeking to sell its stake.
– Getir, once valued at $12 billion, expanded aggressively during the pandemic but later scaled back operations and laid off staff in multiple countries as demand wavered.
– The acquisition follows a prior struggle for control at Getir, where a co-founder’s legal challenge to a Mubadala restructuring plan was rejected by a court.
– Uber plans to integrate the business with its existing Trendyol Go service in Turkey, noting Getir’s food delivery gross bookings exceeded $1 billion in 2025.
In a significant move to consolidate its position in the Turkish market, Uber has finalized an agreement to purchase the delivery operations of Getir, a once high-flying Turkish startup. The ride-hailing and delivery giant announced the acquisition, marking a pivotal shift for Getir as it retreats from its former global ambitions to focus on its core business back home.
The financial terms involve an initial payment of $335 million for Getir’s food delivery segment. Additionally, Uber will invest $100 million for a 15% stake in Getir’s remaining grocery, retail, and water delivery operations, with plans to fully acquire this division in the coming years. Uber is acquiring the business from Mubadala, the Emirati sovereign wealth fund and Getir’s largest shareholder, which had been exploring a sale of its stake.
This acquisition concludes a period of dramatic turbulence for Getir. The company, which launched in 2015, rapidly expanded across the U.S. and Europe, achieving a peak valuation of $12 billion. Its aggressive growth, fueled by over $2.4 billion in total funding, accelerated during the pandemic lockdowns. However, as consumer demand for delivery services normalized, Getir faced severe challenges. In 2024, the company made the difficult decision to exit several international markets, shutting down operations and laying off thousands of employees in the U.S., U.K., and Europe to concentrate on Turkey.
The path to this deal was not smooth. Nearly a year ago, a contentious restructuring plan proposed by Mubadala led to a struggle for control. One of Getir’s co-founders legally challenged the plan, calling it an “illegal coup,” but a Dutch court ultimately rejected the founder’s appeals. Recent court filings revealed Getir valued its group assets at approximately $374 million, a stark contrast to its former multi-billion dollar valuation.
For Uber, this purchase is a strategic expansion of its delivery footprint in a key region. The company stated it will integrate the newly acquired business with Trendyol Go, a Turkish food and grocery delivery service it bought for $700 million last May. Getir’s food delivery arm alone reported gross bookings exceeding $1 billion in 2025, representing a 50% year-over-year increase. This deal follows a robust performance by Uber’s overall delivery segment, which saw fourth-quarter revenue surge 30% to $4.89 billion, with the Europe, Middle East, and Asia region noted as its fastest-growing area.
In a statement, Waleed Al Mokarrab Al Muhairi, deputy group CEO at Mubadala, noted, “This transaction reflects the strength of the business and the progress it has made, particularly over the last year.” The acquisition allows Uber to significantly deepen its service offerings in Turkey while providing Getir’s core business a structured path forward under new ownership.
(Source: TechCrunch)
