Delivery App Getir’s Pandemic Billions Fueled Its Rise and Fall

For Nazim Salur, it’s the end of a nearly decade-long dream to build a global delivery powerhouse out of Turkey.

Getir, the rapid grocery app Salur cofounded from Istanbul in 2015, last week confirmed it will exit its remaining international operations.

Once a poster child of pandemic growth valued at $11.8 billion, attracting investors like ex-Sequoia Capital partner Michael Moritz, Mubadala Investment Co., Sequoia Capital and Tiger Global, the startup is halting operations in the Netherlands, the UK, US and Germany to focus on its core market of Turkey. Its last known valuation was $2.5 billion after a ...