In a press release sent to AFP, Getir has announced that it plans to exit France. As a reminder, Getir pioneered the concept of quick commerce. Those services allow you to order groceries without picking a delivery slot. Instead, companies like Getir start working on your order right away and can usually deliver your groceries in less than 30 minutes.
Originally from Turkey, Getir is one of the biggest players in this relatively new space. At the height of the instant grocery bubble, Getir reached a valuation of $11.8 billion and expanded to several European countries. Quick commerce requires some steep upfront costs as companies need to build a network of dark stores in big cities so that customers live just a few minutes away from the nearest dark store.
But funding dried up and many quick commerce …
