Uber acquires Getir's delivery division in Turkey

• Getir's food delivery business alone recorded gross bookings of over $1 billion in 2025, up 50% year-over-year, despite the company's valuation collapse from $12 billion to group assets worth $374 million
• Uber will combine Getir's services with Trendyol Go, a Turkish delivery service Uber acquired for $700 million in May 2025, strengthening its position in a key growth market
• The acquisition from Getir's largest investor Mubadala follows years of turmoil including mass layoffs, market exits, and internal legal battles over restructuring that saw a co-founder sue over an 'illegal coup'

Summary: Uber Acquires Getir's Turkey Delivery Operations

Key Transaction Details:

Uber has agreed to acquire the delivery business of Turkish startup Getir in a staged deal announced February 9, 2026. The acquisition includes an immediate purchase of Getir's food delivery business, plus $100 million for a 15% stake in Getir's grocery, retail, and water delivery operations, with full acquisition planned over the coming years.

Companies and Stakeholders:

The deal involves Uber purchasing assets from Getir's primary investor, Mubadala (Abu Dhabi sovereign wealth fund), which had reportedly sought to exit its position in 2025. The transaction will integrate with Trendyol Go, a Turkish delivery service Uber acquired for $700 million in May 2025.

Financial Figures:

• Getir's food delivery business recorded over $1 billion in gross bookings in 2025, up 50% year-over-year
• Getir once valued at $12 billion, now valued at approximately $374 million (per 2025 court documents)
• Total capital raised by Getir: $2.4 billion
• Uber's Q4 delivery revenue: $4.89 billion, up 30% annually

Market Context:

Getir represents a dramatic fall from grace in the quick-commerce sector. Founded in 2015, the company expanded aggressively during the pandemic across the U.S. and Europe but retreated in 2024, shutting international operations and laying off thousands as post-pandemic demand cooled. The company faced internal turmoil in 2025 over restructuring disputes between Mubadala and a co-founder.

Strategic Implications:

The acquisition strengthens Uber's delivery footprint in Turkey and the broader EMEA region, which the company identified as its fastest-growing delivery market in 2026.