Uber agreed on February 9, 2026 to buy the food delivery business of Getir, the Turkish rapid delivery company, from Mubadala, the Abu Dhabi sovereign wealth fund that controls it. Uber will pay $335 million in cash, on a cash-free and debt-free basis, for all of Getir's food delivery operations in Turkey.
In a second part of the agreement, Uber will invest $100 million for a 15% stake in Getir's grocery, retail and water delivery business. Uber expects to buy the rest of those operations over the coming years if they meet specific operating and financial targets.
The food delivery purchase is targeted to close in the second half of 2026 and is subject to regulatory approval and customary closing conditions. Getir customers will keep using the Getir app, and Uber plans to combine the business with Trendyol Go, the Turkish delivery service it agreed to buy last year.
From pandemic boom to retreat
Getir launched in 2015 and grew quickly as a fast grocery delivery service. Demand surged during the Covid-19 pandemic, and the company expanded into the United Kingdom, continental Europe and the United States, partly by buying rivals. It raised about $2.4 billion in total, according to PitchBook data cited by TechCrunch, and reached a valuation of nearly $12 billion in 2022.
The expansion did not last. As lockdowns ended and demand for instant delivery fell, Getir closed its operations in the US, the UK and the rest of Europe in 2024, laid off thousands of employees and retreated to its home market in Turkey.
The retrenchment was followed by a fight over control. In early 2025 Mubadala proposed a restructuring plan that a Getir co-founder opposed and challenged in court, calling it an illegal coup. A Dutch court rejected the founder's appeals. Court filings from 2025 valued the group's assets at $374 million, TechCrunch reported.
“With a thriving digital economy and a dynamic consumer base, Uber is committed to investing in Türkiye for the long term.”
Mubadala's exit
Mubadala first invested in Getir in 2021, added more capital later and took full control in June 2025, according to Al-Monitor. By late 2025 the fund was exploring ways to sell, and in November 2025 it sold Getir's car rental unit to Tiktak. Bloomberg had reported in 2025 that Uber was in talks to buy the delivery unit for up to $1 billion, Al-Monitor noted.
The $335 million upfront price is a small fraction of Getir's peak valuation. Waleed Al Mokarrab Al Muhairi, Mubadala's deputy group chief executive, said the deal reflected the strength of the business and the progress it had made, particularly over the past year.
Why Uber is buying
Uber said Getir's food delivery business recorded more than $1 billion in gross bookings in 2025, up 50% from a year earlier. The deal adds that volume to Trendyol Go, the Turkish food and grocery delivery platform Uber agreed in May 2025 to buy for $700 million.
Once the deal closes, Getir users will gain access to more restaurants from Trendyol Go inside the Getir app, and Trendyol Go users will be able to order groceries from Getir, according to the companies. Batuhan Gultakan, Getir's chief executive, called the agreement a significant milestone for the company and a sign of the operating model and brand its team had built in Turkey.
Uber's own delivery business reported fourth-quarter revenue of $4.89 billion, up 30% year over year, TechCrunch reported.
Uber's bet on Turkey
Uber chief executive Dara Khosrowshahi pointed to Turkey's digital economy and consumer base as reasons to invest. The country has about 90 million consumers, according to Al-Monitor.
The purchase continues a run of Uber deals in the region. It bought Careem for $3.1 billion in 2019 and sold a majority stake in Careem's super-app business in 2023. Days before the Getir announcement, on February 6, Uber expanded a partnership with WeRide to deploy at least 1,200 robotaxis in Abu Dhabi, Dubai and Riyadh by 2027, Al-Monitor reported.
