Turkish food delivery startup Getir will be divided into two companies as part of a restructuring that will bring in an investment of $250 million by Mubadala Investment Co.

This move follows a power struggle between Getir Co-founder and CEO Nazim Salur and Getirs Turkey head Batuhan Gultakan, as well as post-pandemic challenges faced by many popular delivery apps, Bloomberg reported Monday (June 24).

With the restructuring, Salur will be replaced by Gultakan, with Salur and his co-founders serving as board members and holding minority stakes in the grocery business, according to the report.

Salur and his co-founders will also take a controlling stake in a new entity that will be made up of Getirs other businesses, including a ride haili…

Read the full article at: https://www.pymnts.com/business/2024/getir-to-split-into-2-companies-in-restructuring/