getir

The future of M&A and why founders are getting whiplash

This is our Friday show, and we’re talking about the week’s biggest startup and tech news. Listen here or wherever you get your podcasts.

Getir is a sign of what’s to come in the M&A market in 2024

Many people, myself included, predicted a wave of startup acquisitions in 2023 as companies rooted in good ideas but built on not-so-good business models ran out of money. That largely didn’t ha

More consolidation in grocery delivery: Getir acquires FreshDirect to beef up in the US

Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The company has scooped u

Uber Eats and Getir ink tie-up in Europe for speedy grocery deliveries

Uber Eats and quick commerce player Getir have inked a grocery delivery partnership, starting in the U.K. The tie-up, which expands the range of groceries on tap for Uber Eats’ users, is slated

Can the quick grocery delivery model only work in emerging markets?

While many quick grocery delivery startups have struggled, others are still seeing growth. Why? They are focused on emerging markets.

Zepto becomes India’s first 2023 unicorn with $200 million fresh funding

Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday, at a time when most other firms in the category have either died o

How to succeed in today’s grocery delivery market

Founder and CEO Abhi Ramesh chats about how to succeed in this sector, the key to driving unit economics and what’s next for Misfits Market.

Cash-strapped instant delivery giant Getir, trying to close funding, pulls out of Spain, Italy and Portugal

More tough times for the instant-delivery startups that once flooded the markets of Europe. Getir, the company backed by Sequoia and other big investors and once valued at upwards of $12 billion, toda

Quick commerce startup Getir plans to exit France amid regulatory issues

In a press release sent to AFP, Getir has announced that it plans to exit France. As a reminder, Getir pioneered the concept of quick commerce. Those services allow you to order groceries without pick

Instant grocery app Getir acquires its competitor Gorillas

After weeks of rumors, Getir has announced that it is acquiring Gorillas. This is a major consolidation deal for the instant grocery delivery space. The Financial Times first reported that Getir has c

Grocery delivery startups with low margins might drop IPO dreams for M&A reality

Getting a bunch of bananas and avocados from your favorite 15-minute grocery delivery company at 3 a.m. might be the greatest thing since sliced bread, but some of these companies are finding themselv

Rohlik bags $231M despite the market cooling on food delivery startups

The salad days are over for many startups in the online food delivery sector. Following a long period of cash injections, splashy and high-profile promotions, and interesting experiments toying with t

Venture funding in Europe is declining faster than in the US — but causing much less panic

The U.S. has seen monthly funding drop 36.7% through the end of May, while Europe saw a decline of 50% in the same period. But it doesn't feel like the European market is in nearly as much of a panic.

JOKR leaving US, ‘for now,’ to focus on LatAm

The company's U.S. operations accounted for about 5% of the grocery delivery startup's overall business.

Tech layoffs top 15K in a brutal May

It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, more than 15,000 tech workers have lost their jobs this month. Hop

Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans

It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart that

Sequoia’s Doug Leone steps down, making way for new global head Roelof Botha

Storied venture capital firm Sequoia Capital announced today that leader Doug Leone would be stepping aside from his role as “Senior Steward” to be replaced by Roelof Botha, managing partner of Se

Daily Crunch: $8.5B Amazon-MGM merger will bring thousands of titles to Prime Video

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Getir is now worth nearly $12 billion after raising another $768 million

Instant delivery startup Getir announced that it has closed a new $768 million Series E funding round. Following this deal, the company reached a valuation of $11.8 billion. Mubadala Investment Compan

Zapp snaps up $200M to supersize its instant grocery play

Zapp, the instant grocery delivery startup that launched in 2020 in London, has picked up a substantial round of funding to go head-to-head with Getir, Gopuff, Jiffy, Deliveroo and the many others hun
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