Getir withdrawing from three European markets

Food delivery specialist Getir is withdrawing from Italy, Spain, and Portugal, and it is also finalising a funding round.

The international news agency Reuters reported last week that the company issued an emailed statement saying that it “intends to withdraw in an orderly manner” from the three countries.

The statement continued: “Getir’s withdrawal from these three markets will allow it to focus its financial resources on existing markets where the opportunities for operational profitability and sustainable growth are stronger/”

The company added: “At the same time, Getir is finalising a funding round and will continue to operate in the UK, the US, Germany, the Netherlands, and Turkey, which generate 96% of the company’s revenues.”