The founder of rapid delivery grocery app Getir is at odds with investors and is running out of time to agree a funding plan to keep the business afloat.
Getir is reportedly weeks away from running out of funds, after it announced it was retreating from all of its international markets last month to focus on its Turkish business, according to Sky News.
The impasse is between the app’s owner Nazim Salur and shareholders who are at odds over governance and leadership of the company. Investors are demanding that Salur step back from the day-to-day running of the company and the reinstatement of Derya Erdemli, the chief strategy officer who was let go last month.
If no alternative funding solutions are found, Getir could run out of money by the end of this month.
The Turkish app is stuck in a number of funding and potential legal issues, not least in the UK. Getir confirmed in May that it would be withdrawing from the UK, but remains a part sponsor of Tottenham Hotspur Football Club, to whom it owes millions of pounds.
The app’s withdrawal from the UK has put some 1,500 jobs at risk, with more affected by its withdrawal from Germany and the Netherlands.
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