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Getir Ends Operations in US, UK, and Europe to Focus on Turkish Market

The Turkish delivery company Getir is shutting down its international operations, affecting over 6,000 jobs, to concentrate on its core market in Turkey.

  • Getir, once valued at $12 billion, is closing its operations in the US, UK, and Europe, impacting at least 6,000 jobs.
  • The company's decision follows significant financial struggles and a strategic shift to focus on Turkey, where it generates 93% of its revenue.
  • Getir has raised new funding from Mubadala and G Squared to support its continued operations in Turkey.
  • The closures are part of a broader trend of contraction in the instant delivery market, which has seen many companies reevaluate their global strategies.
  • Despite the scale back, Getir retains its US arm FreshDirect, aiming to strengthen its position in the Turkish market.
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