By Can Sezer and Ebru Tuncay
ISTANBUL, Nov. 12 (Reuters) – Turkish fast grocery delivery company Getir may hold a new round of fundraising to finance its growth in the United States and would eventually want to expand to 300 cities across the country, the director said. General Nazim Salur.
The company has attracted around $ 1 billion in three consecutive funding rounds this year, bringing its valuation to more than $ 7.5 billion.
The express delivery service began operating in several European countries this year and launched Thursday in Chicago, its first location in the United States, and will expand to New York and Boston by the end of the year.
“There are 300 cities in the United States with a population of over 100,000. We would like to be in all of those 300 cities within a certain amount of time,” Salur said at a press conference Thursday.
He said the company may also make acquisitions to accelerate its growth in the United States.
Getir hopes to conduct its IPO in the United States and not in Turkey “when the time comes,” Salur also said.
He added that the company is awaiting approval from Turkey’s Competition Council to buy a stake in the N11 e-commerce platform, adding that it will buy shares in two of the company’s partners.
(Reporting by Can Sezer and Ebru Tuncay; writing by Ali Kucukgocmen; editing by Cynthia Osterman)