Getir Founders Sue Abu Dhabi State Fund for 700 Million Dollars

The founders of Turkish delivery service Getir, Nazim Salur and Serkan Borancili, have filed a lawsuit against Abu Dhabi’s state fund Mubadala, according to IT Boltwise. They are demanding 700 million dollars. According to them, Mubadala failed to transfer promised assets when the fund took control of the company in 2024. The legal dispute comes just one week after Uber acquired the former decacorn (we reported).

Bitter Legal Battle Between Founders and State Fund

Mubadala first invested in Getir in 2021. The state fund led the 768 million dollar Series E financing round in 2022, which gave Getir its highest valuation of 11.8 billion dollars. But in 2024, the delivery service market went downhill and Getir had to withdraw from European markets. As a result, Mubadala took control of the company. This led to a bitter legal dispute between the fund and the founders.

The founders claim that Mubadala gained control of Getir’s grocery business in Turkey as part of a deal that included a 250 million dollar capital injection. In return, other assets were supposed to be transferred to a separate company in which the founders would have a stake. Instead, according to the lawsuit, only the least profitable assets such as FreshDirect in New York and the shopping platform n11 went to them.

Getir Was Once on the Brink of Insolvency

A Dutch court had already rejected an objection by the founders against the restructuring terms in January 2025. The court found that Mubadala had acted in the company’s interest, which was on the verge of insolvency. According to reports, Mubadala’s lawyer stated that Getir would have run out of money within two weeks without the new deal and the associated emergency financing of 50 million dollars.