Uber Acquires Getir's Delivery Operations in $435M Strategic Deal

Uber has finalized an agreement to acquire the delivery business of Turkish startup Getir, marking a significant consolidation move in the regional food delivery market. The transaction, announced Monday, represents a strategic expansion of Uber's presence in the Turkish market.

Deal Structure and Financial Terms

The acquisition involves a two-phase payment structure. Uber will pay $335 million upfront to acquire Getir's food delivery operations. Additionally, the ride-hailing giant will invest $100 million for a 15% equity stake in Getir's grocery, retail, and water delivery segments, with plans to complete full acquisition of these divisions over the coming years.

The transaction is being executed with Mubadala, the Emirati sovereign wealth fund and Getir's largest shareholder, which had reportedly been exploring exit options since last year.

Getir's Journey: From $12B Valuation to Strategic Exit

Getir's trajectory represents a cautionary tale in the rapid delivery sector. Founded in 2015, the company achieved unicorn status and reached a peak valuation of $12 billion during the pandemic-era delivery boom. The startup executed an aggressive international expansion strategy through both organic growth and strategic acquisitions across the U.S. and European markets.

However, post-pandemic market dynamics proved challenging:

• Consumer demand for instant delivery services declined as lockdown restrictions eased
• The company initiated significant operational restructuring in 2024
• Mass layoffs and complete market exits from the U.S., U.K., and Europe followed
• Strategic pivot to focus on core Turkish operations

The company had raised $2.40 billion in total funding according to PitchBook data, but court documents filed in 2025 valued group assets at just $374 million, highlighting the dramatic valuation correction.

Corporate Governance Challenges

Approximately one year ago, Getir experienced internal conflict over a restructuring proposal initiated by Mubadala. One co-founder opposed the plan and filed legal action alleging an "illegal coup," but a Dutch court ultimately dismissed the founder's appeals, allowing the restructuring to proceed.

Integration with Uber's Turkish Operations

Uber plans to integrate Getir's delivery infrastructure with Trendyol Go, the food and grocery delivery platform it acquired for $700 million in May 2025. This consolidation strategy aims to establish market dominance in Turkey's delivery ecosystem.

According to Uber's disclosure, Getir's food delivery business generated gross bookings exceeding $1 billion in 2025, representing 50% year-over-year growth, demonstrating the unit's operational viability despite parent company challenges.

Strategic Context and Market Performance

The acquisition follows strong Q4 performance from Uber's delivery division, which reported $4.89 billion in revenue, up 30% year-over-year. The company identified Europe, Middle East, and Asia as its fastest-growing regional market in 2026.

"This transaction reflects the strength of the business and the progress it has made, particularly over the last year," stated Waleed Al Mokarrab Al Muhairi, Deputy Group CEO at Mubadala.

Sources:
Uber Investor Relations - Official Announcement
SEC Filing - Transaction Details
Uber Q4 Financial Report