The deal runs across Getir's delivery offering, including food, grocery, retail, and water delivery.
Uber is acquiring the domestic delivery business of Turkish speedy grocery company Getir from its controlling shareholder, as it looks to beef up its presence in the country.
The US ride-hail and delivery giant is buying the business from Abu Dhabi sovereign wealth fund Mubadala.
The deal runs across Getir’s delivery offering, including food, grocery, retail, and water delivery. Details of the size of the deal were not disclosed.
Uber said the deal represents “another milestone” in its investment in Turkey. It follows Uber’s purchase of a $700m controlling stake in Turkish food and grocery app, Trendyol Go, last year, as it looks to up its presence in Turkey and in the Middle East.
Uber said it plans to combine the two businesses, “increasing selection for consumers, supporting more delivery opportunities for couriers, and driving increased demand to restaurants and retailers”.
Dara Khosrowshahi, CEO of Uber, said: “By bringing together these leading platforms, we aim to support the continued growth of a vibrant and competitive ecosystem that delivers even more value for consumers, couriers, and merchants.’’
Batuhan Gultakan, CEO of Getir, said: “This agreement is a significant milestone for Getir and is a testament to the strong operating model and leading brand our team has built in our home market of Türkiye.
“We are excited to bring Getir’s pioneering ultrafast delivery expertise to Uber’s global ecosystem, as we continue to enhance the experience for consumers, couriers, restaurants, and retailers. We are proud of what we have achieved with the support of Mubadala and look forward to the next chapter of growth as part of the Uber family.”
Getir, founded in 2015 in Istanbul, became known for its pledge to deliver groceries in minutes. The speedy grocery sector flourished during the pandemic and Getir hit a valuation of $11.8bn in 2022.
However, Getir has since retreated from some international markets, including Italy and the UK, to focus on its core Turkish business.