Getir Founders Sue Mubadala for $700 Million After Uber Buys Turkish Delivery Unit
February 17, 2026
Turkish delivery startup Getir’s co-founders, Nazım Salur and Serkan Borançılı, have filed a $700 million lawsuit against Mubadala Investment Company. They claim Mubadala broke a 2024 restructuring agreement by withholding important assets promised to them. This lawsuit was filed in London’s High Court.
The dispute arose after Mubadala, which controls most of Getir’s Turkish operations, agreed to transfer key assets, including Getir Finance, a finance technology platform valued at about $510 million. However, the founders say they only received less profitable businesses, like FreshDirect and the online commerce site n11.
Recently, Mubadala sold Getir’s Turkish food delivery business to Uber for about $335 million. This deal worsened relations between Getir’s founders and Mubadala. The founders accuse Mubadala of resisting the agreed asset transfer and reducing their control over profitable parts of the company.
Founded in 2015, Getir grew fast during the pandemic and was once valued at $12 billion. But demand dropped post-pandemic, forcing the company to restructure with Mubadala’s help. The founders expected a clear split that would give them control of international units and important tech assets.
Lawyers for the founders say Mubadala’s final offer differed greatly from the original terms, leaving the founders at a disadvantage. Mubadala has not yet responded to the lawsuit.
The case could take months or years in London. Its outcome may impact how startups and large investors, especially sovereign wealth funds, handle deals and restructurings in the tech sector worldwide.
Read More at Timesofindia →
Tags:
Getir
Mubadala
Lawsuit
Uber Acquisition
Delivery Startup
Restructuring Dispute
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