Getir investors to cash in USD 100m with secondary sale

The plan is to cash in via a partial sale, one of the sources said, adding that none of these vendors have plans to fully exit at this time. The stake they are selling is around 1.3% of Getir's total shares, a second source said.

The buyer is one of the large funds already invested in Getir. The investor asked to invest further, and the small investors agreed to sell a portion of their stakes, the second source noted. The vendors plan to use the proceeds to invest in other Turkish startups, they added.

Finberg is expected to sell shares worth USD 45m, Revo Capital another USD 40m, and Re-Pie USD 15m, the sources said.

Getir, Revo, Re-Pie and Finberg did not respond to requests for comment.

The deal follows Getir's USD 555m Series D round, which took place in June and valued the company at USD 7.5bn. Silver Lake, DisruptAD, Mubadala Investment Company, Tiger Global and Sequoia Capital joined this round, as reported. Also in June, Getir acquired Spain-based peer Blok, as reported.

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