Startups Wonder Where All the VC Went
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Getir, a Turkish ultra-fast grocery service, is acquiring FreshDirect, a New York City-based delivery pioneer. The acquisition comes as the delivery industry undergoes a post-pandemic rebalancing, with FreshDirect's parent company Ahold Delhaize USA focusing on its omnichannel retail strengths.
Getir is acquiring FreshDirect, a New York City-based delivery company. FreshDirect was founded in 2002 and raised over $500 million in venture funding. It was acquired by Ahold Delhaize USA in 2021, but is now being sold to focus on omnichannel retail. The acquisition signals a shift in the delivery industry. Getir's acquisition of FreshDirect is part of this change. The deal allows Ahold Delhaize USA to focus on its strengths.
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