Getir Nears Mubadala-Led Funding at $12 Billion Value (Correct)

Turkish grocery-delivery startup Getir is nearing a deal to raise roughly $800 million in a funding round featuring a $250 million check from lead investor Mubadala Investment Co. that values the company at about $11.8 billion, according to people with knowledge of the matter.

Rick Gerson’s firm Alpha Wave Global, previously known as Falcon Edge Capital, is set to join existing investors including Mubadala; Abu Dhabi’s state holding company ADQ; Sequoia and Tiger Global in the new round, said some of the people, requesting anonymity because the talks are private.

Representatives for Getir, Mubadala, Alpha Wave, Tiger Global and ...