Getir, one of the world’s largest rapid-delivery grocery platforms, is in talks over a restructuring of the business after its valuation plummeted.

Getir riders

Getir’s market value has fallen from more than £9bn to £2bn

The Turkish delivery platform, which only two years ago was valued at more than £9bn, is examining several options as part of talks with its investors, according to Sky News.

These include the potential break-up of the brand, an exit from some of its five markets, or some form of emergency restructuring mechanism.

The business, which is headquartered in Turkey but also operates in the UK, Netherlands, Germany and the US, is struggling as demand for home grocery and takeaway services has shown signs of fading post-pandemic.

Last summer, Getir slashed 2,500 roles across its 23,000-strong workforce in some of its markets outside Turkey.

One insider told Sky News that the next few weeks were “make or break” for Getir, which has seen its value fall to just £2bn – with the possibility of further job cuts not being ruled out.

Getir was founded in 2015 and was one of a slew of rapid delivery companies promising quick food and essentials to those living in cities. Getir acquired rival Gorillas in December 2022 in a £96m deal.

“Our business is very agile and fast-paced,” a Getir spokeswoman said.

“Getir doesn’t comment on rumours or on internal matters, however, whenever decisions have been made, we will announce them as we have done in the past.”