Explore our new Generative AI Database, featuring 35+ companies leading the sector.Read more

Briefing
startups venture capital

Instant Delivery Firm Getir Valued at $11.8 Billion by Mubadala

By
Berber Jin
· · Source: The Information

Getir, the Istanbul-based instant delivery firm that expanded to the U.S. last year, raised $768 million in new cash valuing the company at $11.8 billion, the company announced Thursday. The round was led by existing investor Mubadala Investment Company and included other deep-pocketed backers like Sequoia Capital, Tiger Global Management, and the Abu Dhabi Growth Fund. The fundraise stands...

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Exclusive
Meta Calls Employees Back to Office Three Days a Week
By Sylvia Varnham O'Regan · June 1, 2023 2:56 PM PDT
Photo by Getty
Meta Platforms has notified employees they will need to return to the office three days a week starting in September, according to a person familiar with the matter. The announcement, which has not been previously reported, marks the strictest policy change since it embraced remote work during the pandemic. While tech companies have met resistance from employees about such mandates in the...
Latest Briefs
 
SpaceX Wins Pentagon Contract for Ukraine 
By Becky Peterson · June 1, 2023
Trian Chief Investment Officer and Co-Founder Ed Garden to Step Down
By Maria Heeter · June 1, 2023
Meta Calls Employees Back to Office Three Days a Week
By Sylvia Varnham O'Regan · June 1, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Art by Clark Miller
The AI Age e-commerce ai
How to Grease a Chatbot: E-Commerce Companies Seek a Backdoor Into AI Responses
By Chris Stokel-Walker
When Andy Wilson’s company received its first successful client referral through ChatGPT, he was shaken to his core.
Chris Britt, co-founder and CEO of Chime.
Exclusive startups Finance
Chime’s Slowdown Highlights Limits of Bank Disruptors
By Mark Matousek and Erin Woo
Chime found a way to offer zero-fee banking services without being a bank itself. But that approach is starting to show its limits.
Art by Clark Miller.
Exclusive startups crypto
MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
By Aidan Ryan
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.
Art by Clark Miller
The Big Read markets Finance
The Master of Destruction Rides Again
By Michelle Celarier
In the spring of 2022, the irascible Wall Street short seller Marc Cohodes was in a particularly foul mood.
Tim Cook. Photo by Bloomberg
Exclusive apple ar/vr
Apple’s Learning Curve: How Headset’s Design Caused Production Challenges
By Wayne Ma
If Apple unveils its long-awaited mixed-reality headset next week as expected, it will represent the company’s riskiest gamble on a new product since the iPhone.
Art by Clark Miller.
Social Studies culture
The Day TikTok Went Dark in India
By Amanda Florian
On June 29, 2020, as thunderstorms swept Mumbai and daily Covid-19 cases in India surged by almost 20,000, millions of people began experiencing a flood of network errors on their mobile devices.