🤝 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. 💬

Source of news

https://thenextweb.com/news/getir-flink-acquisition-rapid-grocery-delivery-europe