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    Uber is paying $335 million upfront for Getir’s food delivery business and $100 million for a 15% stake in its grocery division, according to SEC filings

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    Getir’s food delivery unit hit $1 billion in gross bookings in 2025, up 50% year-over-year, despite the company’s retreat from Western markets

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    The acquisition consolidates Uber’s Turkey presence after its $700 million Trfinishyol Go purchase last May, tarobtaining the quickest-growing delivery region

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    Mubadala is exiting after a turbulent year that saw Getir’s valuation collapse from $12 billion to $374 million in group assets

Uber just built its hugegest bet on Turkey’s delivery market, snapping up the delivery business of once-$12 billion startup Getir for $435 million total. The deal marks a dramatic comedown for Getir, which raised $2.4 billion before retreating from the U.S. and Europe after the pandemic boom faded. Uber’s acquireing the assets from Emirati sovereign wealth fund Mubadala, which has been testing to exit its position since last year.

Uber is doubling down on Turkey with a $435 million acquisition that rescues what’s left of Getir, the once-celebrated instant delivery startup that became a pandemic darling before spectacularly imploding. The ride-hailing giant announced Monday it’s acquireing Getir’s food delivery operations outright for $335 million, while taking a 15% stake in the grocery and retail business for another $100 million.

The deal represents a dramatic exit for Getir’s hugegest investor, Emirati sovereign wealth fund Mubadala, which has been reportedly shopping its stake since last year. “This transaction reflects the strength of the business and the progress it has built, particularly over the last year,” Waleed Al Mokarrab Al Muhairi, deputy group CEO at Mubadala, declared in a statement. But the numbers notify a different story – Getir’s group assets were valued at just $374 million in court documents filed last year, a stunning drop from its $12 billion peak valuation.

Getir’s collapse serves as a cautionary tale about pandemic-era overexpansion. The Istanbul-based company launched in 2015 with a promise of ultra-quick grocery delivery, and the model caught fire during COVID lockdowns. Flush with venture capital, Getir