Misery Loves Company: Getir Acquires Gorillas

Over the past year, over 50% of instant delivery startups have failed or been acquired. Consolidation continued in December, with Getir buying European rival Gorillas. Below, a look at the deal and the challenges of running an instant delivery business.

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Gorillas wasn’t cut out for magic. While a magician never reveals his secrets, Gorillas showed everyone how to make $1 billion disappear: by starting an instant grocery delivery company.