Ankara, November 23 (Reuters) – Turkish fast-grocery delivery company Getir has signed a deal to acquire British rival Weezy, Getir said Tuesday.
Getir now operates in several Western European countries as well as the United States, and is heavily promoting the brand throughout London. Financial terms for the transaction were not disclosed.
The pandemic has increased demand for food and grocery delivery businesses, but many companies are still losing money as they gain market share and boost trade.
Most recently, US company DoorDash Inc (DASH.N) said this month it will acquire Finland-based rival Wolt Enterprises OY in a full-share transaction worth around €7 billion ($7.9 billion) as it expands into Europe. said. read more
Getir has raised approximately $1 billion in three consecutive funding rounds this year and is valued at over $7.5 billion. Read more ($1 = 0.8882 euros)
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Reports by Ceyda Caglayan Works by Ece Toksabay and Keith Weir; Compilation by Dominic Evans and Louise Heavens
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