Delivery startup Getir in advanced talks to buy Gorillas- Bloomberg News

Employee of Turkish fast grocery-delivery company Getir rides to deliver an online grocery delivery in Istanbul
An employee of Turkish fast grocery-delivery company Getir rides to deliver an online grocery delivery in Istanbul, Turkey November 12, 2021. REUTERS/Umit Bektas

Oct 10 (Reuters) - Turkish fast delivery startup Getir is in advanced talks to buy Berlin-based rival Gorillas Technologies GmbH, Bloomberg News reported on Monday, citing people familiar with the matter.

The potential deal would give Getir scale in key European markets including the UK and Germany, the report said.

No final decisions have been made, but the proposed deal would be a mix of cash and equity, Bloomberg added.

Gorillas was working with JPMorgan on its fundraising plans and other strategic options, which include the sale of some or all of its business, Reuters had reported in June. read more

Earlier this year Getir closed a $768 million funding round led by Abu Dhabi state investor Mubadala that valued the company at around $12 billion. Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global participated in the funding round. read more

When contacted by Reuters, a Getir spokesperson said they could "neither confirm or deny" the Bloomberg report, while Gorillas said it will not provide any comment.

Reporting by Lavanya Ahire and Juby Babu in Bengaluru; Editing by Shailesh Kuber

Our Standards: The Thomson Reuters Trust Principles.

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