eCommerce Strategy Consultant - Rick Watson - RMW Commerce Consulting

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Getir worth nearly $12 billion after raising another $768 million

Founded in 2015, Istanbul-based Getir pioneered the category of 10-minute delivery for customers who order by smartphone app, with riders fanning out from neighbourhood warehouses that stock essential groceries.

The instant delivery startups like GoPuff and Getir are raising money at huge valuations, the problem is the cash flow of these companies will never match these valuations.  It’s a space that most people should be worried about unless these are regional players

TechCrunch: Getir is now worth nearly $12 billion after raising another $768 million