$12 billion valuation for Getir
It was stated that Getir was valued at approximately 12 billion dollars in the new funding round. The company aims to attract...
Yayınlanma: 15 Mart 2022 02:37
Güncellenme: 19 Nisan 2024 12:11
Fast delivery application Getir is expected to generate approximately $800 million in revenue from its latest investment round, which will value the company at $11.8 billion.
According to sources speaking to Bloomberg, Mubadala Investment Company leads the last investment round with an investment of 250 million dollars.
Along with Mubadala, ADQ, Sequoia, and Tiger Global, as well as Rick Gerson's fund Alpha Wave Global, are expected to join the Getir investors.
Investor projections for returns project an EBITDA of $3.5 billion by 2025, after a loss of $1 billion in 2022.
According to Bloomberg data, this figure is greater than the $1.9 billion EBITDA projected for DoorDash, a competitor of Getir, until 2025.
The return was valued at $7.56 billion in the last investment round in June. According to a source close to the subject who spoke to Bloomberg, Getir aimed to reach a valuation of 12 billion dollars in its new investment round.
