TechCrunch
Getir pulls out of US, UK, Europe to focus on Turkey; 6,000+ jobs impacted
True to its business concept, Turkey’s “instant delivery” juggernaut Getir rose quickly. On Monday, the company — once valued close to $12 billion — announced it would shut down its operations the U.S., the U.K. and Europe to focus solely on its home market of Turkey. The move puts a bitter end to the company’s very aggressive expansion strategy that saw it raise billions of dollars to grow organically and also snap up a number of equally aggressive, yet struggling, competitors to position itself as the market leader.
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