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Home Technology

Getir sells off equipment, scrambles for funding amid financial woes

July 22, 2023
in Technology
Getir sells off equipment, scrambles for funding amid financial woes
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Getir’s woes are dragging on in Europe, raising concerns over the grocery delivery platform’s future in the region.

On Wednesday, the Turkish-owned company started auctioning off parts of its equipment, as it closes down a number of its dark stores in the UK. The bidding closed on Thursday morning.

The items, listed on the website of commercial property agent Sanderson Weatherall, range from scooters and crash helmets to insulated food delivery boxes and retail freezers. According to the auction’s description, the assets are a “surplus to requirements, due to the closure of retail hubs.”

Getir Getir’s scooters on auction. Credit: Sanderson Weatherall

Meanwhile this week, a leaked message sent to Sifted revealed the startup asked for volunteers from the UK office to “knock on doors” in four areas in London and promote Gorillas — which Getir bought for $1.2bn (€1.08bn) in 2022.

The company’s attempts to increase cash flow come as it’s reportedly aiming for a fresh round of funding. According to Sky News, Getir is seeking a capital injection from one of its existing investors, Abu Dhabi sovereign wealth fund Mubadala, which is currently “in advanced discussions” with the startup.

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