Getir

Turkish grocery delivery app Getir said on Monday it was withdrawing from the United States and its remaining locations in Europe to focus instead on its domestic market.

Getir said in a statement that it was leaving the U.K., Germany, the Netherlands and the United States — countries where it generated seven percent of sales.

Home delivery grocery app Getir has said it will implement a widespread redundancy plan that unions say will involve cutting 1,560 jobs as it withdraws from the Spanish market.

The move came just 10 days after the Turkish grocery delivery firm said it was pulling out of the French market, citing complex legal regulations.

Turkish on-demand delivery pioneer Getir's valuation rose to over $7.5 billion, thanks to the investment of $550 million it received.

Getir will utilize the latest capital injection to fuel its expansion into the U.S., the Istanbul-based platform said in a statement on June 4.