Getir shareholders are set to pump more money into the grocery business to cover its withdrawal from the UK and Europe.
Investors at the Turkish company have drawn up provisional plans to inject tens of millions of pounds extra into Getir during the coming weeks, according to Sky News.
Sources close to the situation claimed leading investors including Mubadala, Sequoia Capital and Tiger Global were believed to have agreed to the new funding plan during recent days.
The move will add to the more than $2bn the company has already raised, making it one of the most well backed fast delivery platforms across the globe.
Last week, it was revealed that Getir was preparing to withdraw from the UK market, in a move that is expected to put around 1,500 jobs at risk.
The group’s operations across the UK, Germany and the Netherlands are all forecast to be shut, with ongoing talks around the future of its US Fresh Direct arm.
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Under the restructuring, Getir will be left to focus on its domestic Turkish market. Insiders claimed its new funding from investors would pay for the expense of leaving the three markets across Europe and provide additional capital to invest into its Turkish arm.
Earlier this month, it was revealed Getir was considering a string of asset sales as it continued restructuring talks.
The firm weighed up possible disposals, including its US online grocer FreshDirect, which it acquired late last year.
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