Getir acquires Gorillas creating the European leader in quick commerce.

News

After the launch of more than a dozen rapid grocery apps in the US and Europe by mid-2021, the market has been consolidating over 2022. Alven participated in this consolidation as a historical shareholder of Frichti which merged with Gorillas earlier this year. The merger with Getir values Gorillas 1,2bn$.

After the launch of more than a dozen rapid grocery apps in the US and Europe by mid-2021, the market has been consolidating over 2022. Alven participated in this consolidation as a historical shareholder of Frichti which merged with Gorillas earlier this year. The merger with Getir values Gorillas 1,2bn$.

Getir is a strong leader in Turkey and is present in 10 countries. The merger with Gorillas is creating a European leader and very substancial synergies are expected in the transaction, notably reducing the customer acquisition costs of the combined entity and optimizing its dark shops network and supplier relationships.


Share

Alven expands its London team with a new associate hire

We’re truly delighted to welcome Alice Azzarelli as Alven’s new Associate in our London office.  Alice completed her studies at Science Po…

Read

Alven bolsters leadership team with Bartosz Jakubowski’s promotion to Partner

Bartosz has been a member of the Alven team since 2019, initially joining as Investment Manager and quickly rising through the ranks…

Read

Creative Fabrica raises $61M to expand its digital platform for the global crafting & design market, accelerating through generative AI

Amsterdam-based Creative Fabrica, a social platform for crafters and designers, has raised $61M in growth capital to offer more resources for its community of 4 million creators. The round is led by Alven, joined by LionTree and TriplePoint with continued participation from Peak Capital, Felix Capital and FJ Labs. The funding will be used towards existing and new creator verticals, further build out of the platform’s designer network, expansion of creative generative AI toolset, and growing the team with senior talent globally.

Read