Istanbul-based Getir is in “advanced talks” to acquire Berlin-based on-demand grocery delivery company Gorillas, reports Bloomberg News.
According to Bloomberg’s sources, the proposed deal would be a mix of cash and equity. However, no final decisions have been made yet. A few months back, Gorillas explored various options with JPMorgan, including selling some or all of its business.
Gorillas’ acquisition will enable Getir to scale in important European markets, including the UK and Germany. A year ago, Getir acquired London’s grocery delivery company Weezy as a part of its expansion strategy.
Besides Weezy, the Turkish company also acquired Barcelona-based instant delivery startup BLOK for an undisclosed figure to cement its position in the European market.