If Getir Exits Europe, Will Turkish Focused Future Include FreshDirect? [Forbes]
DoorDash, Inc. (DASH)
Company Research
Source: Forbes
The kart dash for ultrafast delivery went into reverse this week, with the heavily flagged news that investors in Turkish-based specialist Getir would reach into their pockets once again, but this time to fund its exit from several European markets. The grocery delivery app – at one point valued at an eye-watering $12 billion – has reportedly called on investors to inject yet more cash into the company to fund its departure from Germany, the U.K. and the Netherlands, having already deserted its Mediterranean markets. And speculation has mounted that it could also seek to offload New York-based FreshDirect despite only buying the business at the end of 2023. Getir has declined to make any comment but British broadcaster Sky News has reported that company shareholders had drawn up plans to potentially commit tens of millions of dollars more into Getir in the coming weeks, with thousands of jobs at risk amid market exits. Leading investors, including the Abu Dhabi state-backed f
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