{"id":29277,"date":"2023-05-01T08:37:52","date_gmt":"2023-05-01T08:37:52","guid":{"rendered":"https:\/\/lynettelockhart.com\/client\/grocery-app-getir-in\/"},"modified":"2023-05-01T08:39:08","modified_gmt":"2023-05-01T08:39:08","slug":"grocery-app-getir-in","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/grocery-app-getir-in\/","title":{"rendered":"Grocery app Getir in talks to take over German rival Flink -FT"},"content":{"rendered":"

(Reuters) -Turkish delivery app Getir is in talks to take over German rival Flink in a key step toward consolidation in Europe’s food delivery market, where companies are battling a slowdown after COVID-19, the Financial Times said on Monday.<\/p>\n

There is no guarantee of an agreement being reached, however, said the paper, which cited people familiar with the matter.<\/p>\n

Flink and Getir declined to comment on the report.<\/p>\n

Flink is also in talks to raise funding of about $100 million from existing investors, for a valuation of more than $1 billion, the paper added.<\/p>\n

In a $1.2-billion deal last December, Getir bought German grocery company Gorillas, merging two of Europe’s remaining companies in Europe offering groceries in minutes.<\/p>\n

But after their rapid expansion, quick commerce businesses were hit in March last year by a fall in lockdown-driven demand for deliveries and rising interest rates, while investors soured on loss-making tech firms.<\/p>\n

(Reporting by Jyoti Narayan in Bengaluru; Editing by Uttaresh Venkateshwaran and Clarence Fernandez)<\/p>\n

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(Reuters) -Turkish delivery app Getir is in talks to take over German rival Flink in a key step toward consolidation in Europe’s food delivery market, where companies are battling a slowdown after COVID-19, the Financial Times said on Monday. There is no guarantee of an agreement being reached, however, said the paper, which cited people […]<\/p>\n","protected":false},"author":8,"featured_media":29278,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1220],"tags":[1223],"class_list":["post-29277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-technology","tag-updated"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportTechnologyNews\/tagreuters.com2023binary_LYNXMPEJ400ED-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=29277"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29277\/revisions"}],"predecessor-version":[{"id":29371,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/29277\/revisions\/29371"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/29278"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=29277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=29277"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=29277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}