Mubadala steps deeper into Getir’s boardroom battle as full divestment looms: Turkish last-mile delivery startup Getir’s founders are suing Mubadala Investment Company for at least USD 700 mn, the Financial Times reports, citing a lawsuit filed with London’s High Court last week.

The claim: Co-founders Nazim Salur and Serkan Borancili submitted a claim alleging they incurred “significant loss” after the fund failed to transfer assets earmarked for them under the restructuring agreement.

The governance dispute in a nutshell: The initial plan, announced in June, saw Mubadala commit USD 250 mn in fresh capital and split the business into two while assuming majority control of its food delivery unit. However, the founders claim that the fund later reneged on the agreement in a December 2024 proposal by looking to take full ownership of Getir, which they described as an “illegal coup,” and failing to transfer Getir Finance, valued at roughly USD 510 mn last year. Mubadala had said at the time it was trying to stabilize the company by taking over after its valuation crashed as it burned through its liquid reserves.

REMEMBER- Salur had already started to take judicial action back in January 2025 after Mubadala sought full control of the company and was planning to challenge the decision in courts in the Netherlands, Turkey, and England.

Mubadala has already been exiting the Turkish firm. It’s selling Getir’s food delivery arm to Uber for USD 335 mn, with the takeover projected to take place in 2H 2026. Uber will also inject USD 100 mn to acquire a 15% stake in Getir’s grocery, retail, and water delivery arm, aiming to increase its holding to 100% over the next few years. The sale would come following the recent sale of Getir Arac to Tiktak and parallel talks to offload the remaining stake in Getir’s finance unit.

Why this matters: This isn’t just a breakup — it’s Mubadala trying to finally put this whole chapter behind it. By selling the food arm to Uber and tightening its grip on the grocery business, Mubadala is likely opting to cut its losses and step away from the operational grind of last-mile delivery.

What’s next? Mubadala has yet to file a defense to the claim, the salmon-colored paper said, so we’ll be on the lookout for its response.

Tags: