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Numis advises Getir on $128 capital raise

Numis has acted as financial advisor and placement agent in relation to Getir’s $128m primary capital raise.

Getir Couriers small
Getir, the 10 minute grocery delivery pioneer, has raised a further $128m in a Series B primary fundraise from some of the world’s leading investors.

The funding values Getir at c. $850m and follows 5-fold revenue growth in 2020.

Led by Michael Moritz’s Crankstart Investments and Brazilian Base Partners, the oversubscribed financing also included Tiger Global, Goodwater Capital (US) as well as Revo, Fiba and Esas (Turkey).

New investors, including Tiger Global and Goodwater Capital, joined existing shareholders who invested further in Getir following the Company’s $38m Series A in January 2020.

Getir is the ultrafast delivery pioneer. The tech company, based in Istanbul, revolutionised last-mile delivery in 2015 with its 10 minute grocery delivery proposition.

Getir intends to use the new funds to couple exponential growth in Turkey with international expansion.

Read the Getir press release in full.

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