March 29, 2024

Web and Technology News

Zepto becomes India’s first 2023 unicorn with $200 million fresh funding

Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday, at a time when most other firms in the category have either died or are struggling. The funding makes Zepto the first Indian startup to attain the unicorn status this year. StepStone […]

Cash-strapped instant delivery giant Getir, trying to close funding, pulls out of Spain, Italy and Portugal

More tough times for the instant-delivery startups that once flooded the markets of Europe. Getir, the company backed by Sequoia and other big investors and once valued at upwards of $12 billion, today announced that it would be officially pulling out of Spain, Italy, and Portugal as it inched closer to finalizing a round of […]

Quick commerce startup Getir plans to exit France amid regulatory issues

In a press release sent to AFP, Getir has announced that it plans to exit France. As a reminder, Getir pioneered the concept of quick commerce. Those services allow you to order groceries without picking a delivery slot. Instead, companies like Getir start working on your order right away and can usually deliver your groceries […]

Quick commerce startup Getir plans to exit France amid regulatory issues by Romain Dillet originally published on TechCrunch

Instant grocery app Getir acquires its competitor Gorillas

After weeks of rumors, Getir has announced that it is acquiring Gorillas. This is a major consolidation deal for the instant grocery delivery space. The Financial Times first reported that Getir has closed the acquisition of its competitor. TechCrunch has confirmed the news with Getir. “Markets go up and down, but consumers love our service […]

Instant grocery app Getir acquires its competitor Gorillas by Romain Dillet originally published on TechCrunch

Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans

It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart that grocery essentials and sundries and promises delivery of them in minutes — is cutting 14% of its staff globally. It’s been estimated that the Turkish […]

Sequoia’s Doug Leone steps down, making way for new global head Roelof Botha

Storied venture capital firm Sequoia Capital announced today that leader Doug Leone would be stepping aside from his role as “Senior Steward” to be replaced with Roelof Botha, managing partner of Sequoia’s U.S. and Europe operations. Leone, the global managing partner of Sequoia Capital, wrote in a letter published on Twitter that he will remain […]

Sequoia’s Doug Leone steps down, making way for new global head Roelof Botha

Storied venture capital firm Sequoia Capital announced today that leader Doug Leone would be stepping aside from his role as “Senior Steward” to be replaced with Roelof Botha, managing partner of Sequoia’s U.S. and Europe operations. Leone, the global managing partner of Sequoia Capital, wrote in a letter published on Twitter that he will remain […]

Getir is now worth nearly $12 billion after raising another $768 million

Instant delivery startup Getir has announced that it has closed a new $768 million Series E founding round. Following this deal, the company has reached a valuation of $11.8 billion. Mubadala Investment Company is leading the founding round with Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global also participating. Originally […]