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Turkish on-demand delivery pioneer Getir's valuation hits $7.5 bln

Turkish on-demand delivery pioneer Getir's valuation rose to over $7.5 billion, thanks to the investment of $550 million it received.

Getir will utilize the latest capital injection to fuel its expansion into the U.S., the Istanbul-based platform said in a statement on June 4.

Foreign investors eye Turkish start-ups

Turkish start-ups, which received $93 million investments last year, draw the attention of foreign investors. 

Lastly, on-demand delivery application Getir, which means "Bring" in Turkish, received $38 million investment from a group of foreign investors under the leadership of Sir Michael Moritz, a renown investor in Silicon Valley.