Getir Approaches Flink Acquisition, Aims for European Rapid Grocery Delivery Monopoly
🤝 Turkish grocery delivery titan Getir is negotiating the acquisition of German startup Flink, seeking to strengthen its dominance in Europe’s rapid grocery delivery market.
📉 Flink, once valued at $5bn, is now pursuing a $100m investment from existing investors at a $1bn valuation. Meanwhile, Getir maintains its position as Europe’s largest quick commerce company after a $1.2bn acquisition of Gorillas.
🗂 If the acquisition is finalized, Getir’s only competitor would be GoPuff, which operates in the UK and France. This will give Getir the opportunity to become a monopoly in the Europe market.
For more information on the acquisition negotiations, potential valuations, and the evolving landscape of the rapid grocery delivery industry, follow the link below. 💬
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