On-demand delivery firm Getir acquires UK competitor Weezy
Getir plans to boost its UK market presence with the acquisition of competitor Weezy
Rapidly growing delivery service Getir has announced plans to acquire its UK competitor Weezy in a bid to accelerate its expansion plans and roll out its service accross the nation, although financial details of the deal have not yet been disclosed.
Getir, a Turkish on-demand delivery start-up founded by Nazim Salur in 2015, has quickly become one of the fastest-growing delivery providers, distributing around 2,000 everyday household items within minutes. It currently operates in the US, Europe and the UK, where it has been promoting its brand heavily across London.
Getir – which means “bring” in Turkish – continues to pioneer within a crowded UK market as it offers its rapid 10-minute delivery model. The company is now valued at over $7.5bn (€6.7bn, £5.6bn).
Expanding the booming delivery sector in Europe and the UK
The start-up has already established its footprint in several European markets. In January, it announced the launch of its service in London, and the company has since expanded its operations to include 15 cities and towns across the UK.
In addition to its home base in Turkey and its presence across the UK, the delivery company also serves seven other countries worldwide, including Portugal, Spain, France, The Netherlands, Germany, Italy and the US.
On the other hand, Weezy, which was founded by Kristof Van Beveren and Alec Dent in late 2019, is a relevately new disruptor to join the on-demand services industry. It currently operates in London, Manchester, Brighton and Bristol, which are all cities Getir already operates in.
Other UK cities Getir is established in include Cardiff, Birmingham, Liverpool, Southampton and Portsmouth.
An ‘exciting opportunity’ for business innovation
Turancan Salur, Getir’s UK general manager, said teaming up with Weezy provides “an exciting opportunity” and one that “complements Getir’s people-first belief and business approach”.
Kristof Van Beveren, CEO and co-founder of Weezy, added: “We are incredibly excited to continue our journey in disrupting the skyrocketing ultra-fast grocery market. Getir has an unparalleled track record of achievements and experience, with an equally ambitious team.
‘Our alignment in purpose and culture is a winning formula for expansion globally, and we will continue to deliver an exceptional offering to consumers in minutes.”
This strategic acquisition follows Getir’s recent expansion into the US, with Chicago being the first city to see Getir’s distinctive yellow-and-purple fleet of e-bikes. The company will begin delivering across the Windy City, with New York and Boston reportedly soon to follow.