This delivery startup was valued at more than $11 billion. Then it slashed thousands of workers


This delivery startup was valued at more than $11 billion. Then it slashed thousands of workers


In early March, after two ultra-fast delivery startups shut down in New York City in a single week, a self-proclaimed pioneer in the space appeared to see an opportunity for some media attention.

Getir, a Turkish startup founded in 2015, had recently raised $768 million in funding valuing it at $11.8 billion, "cementing its position as a decacorn" even in the face of a "volatile" market, according to a representative for the company at the time. The representative suggested a reporter discuss with Getir`s CEO the future of the industry amid the "disappearance" of two smaller competitors.
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RSK: Slower is better I guess...if you want to survive.

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- - Volume: 10 - WEEK: 32 Date: 8/2/2022 9:35:10 AM -