Uber has announced its agreement to acquire the delivery division of Turkish rapid-delivery pioneer Getir from its Emirati controlling shareholder, Mubadala. The deal significantly expands Uber’s footprint in the competitive Turkish market and marks a strategic divestment for the Abu Dhabi-based sovereign wealth fund.
The Financial Breakdown
According to an SEC filing, the transaction involves a multi-part structure. Uber will pay $335 million in cash to fully acquire Getir’s food delivery business.
In a separate but related transaction, the U.S. ride-hailing and delivery giant will also invest $100 million to acquire a 15% stake in Getir’s remaining services, which include grocery, retail, and water delivery. Uber has indicated it will complete the acquisition of this division over the next few years.
Uber’s Turkish Consolidation Strategy
This acquisition is a major move in Uber’s strategy to consolidate its position in Turkey. The company plans to integrate the newly acquired Getir assets with Trendyol GO, another Turkish food and grocery delivery service it acquired a majority stake in for $700 million last year.
Uber stated its goal is to “support the continued growth of a vibrant and competitive ecosystem” that benefits all stakeholders. Getir’s food delivery arm alone reported gross bookings exceeding $1 billion in 2025, a 50% increase from the previous year, highlighting the value of the asset.
A Strategic Exit for Mubadala
The deal concludes a turbulent chapter for Getir, which was once valued at nearly $12 billion during the pandemic-fueled delivery boom. After aggressive expansion into Europe and the U.S., the company faced significant headwinds as consumer demand shifted, leading to a massive operational scale-back and its exit from international markets in 2024.
The sale comes after a period of internal restructuring, which saw Mubadala, as the largest shareholder, propose a plan that was initially contested by one of Getir’s co-founders. This sale to Uber represents a strategic exit for the Emirati investor.
“This transaction reflects the strength of the business and the progress it has made, particularly over the last year,” said Waleed Al Mokarrab Al Muhairi, Deputy Group CEO at Mubadala, in a statement.
About Mubadala
Mubadala Investment Company is a sovereign investor based in Abu Dhabi, United Arab Emirates. It manages a diverse global portfolio of assets and investments across multiple sectors, aiming to generate sustainable financial returns for its shareholder, the Government of Abu Dhabi. Mubadala is an active investor in the global technology sector, with significant stakes in companies across various stages of growth.
Source: Zawya
