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.

Poof

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.

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Head of IR & Corporate Development at 1stDibs. Previously finance at Etsy, Indeed, and internet equity research at Deutsche Bank. Find me on Twitter @kjlabuz.

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Kevin LaBuz

Head of IR & Corporate Development at 1stDibs. Previously finance at Etsy, Indeed, and internet equity research at Deutsche Bank. Find me on Twitter @kjlabuz.