Getir acquired its German rival Gorillas

Istanbul-based startup in a deal that valued the combined group at $10 billion, following a severe decline in tech investment and the end of the pandemic boom in the instant delivery business. The deal valued Gorillas at around $1.2 billion, down from $3 billion in September last year.

• A step back: Getir announced earlier that it has closed a $768 million Series E funding round with a total valuation of $11.8 billion, becoming a decacorn.