Getir Co-founders Sue for $700m Over Untransferred Assets After Uber Deal
Getir co-founders Nazim Salur and Serkan Borançılı filed a £700m lawsuit in London High Court against Mubadala, alleging breach of contract for failing to transfer assets including Getir Finance valued at $510m. The action follows Mubadala’s $335m sale of Getir’s Turkish operations to Uber, potentially complicating the acquisition.
1. Lawsuit Against Mubadala
Getir co-founders Nazim Salur and Serkan Borançılı have initiated legal proceedings in London’s High Court, seeking at least $700m in damages. They claim Mubadala failed to hand over promised assets, including Getir Finance which was valued at $510m in 2025, constituting a significant breach of contract and conspiracy.
2. Details of 2024 Restructuring
Under the June 2024 restructuring, Mubadala injected $250m in cash and assumed majority control of Getir’s Turkish grocery business, while the co-founders were to receive remaining assets in a separate entity. In practice, the founders only received FreshDirect grocery service and the online marketplace n11, which they describe as the least profitable units.
3. Uber’s $335m Acquisition Context
Just prior to the lawsuit, Mubadala finalized the sale of Getir’s Turkish delivery operations to Uber for $335m. The new legal dispute raises questions over the ownership and completeness of the transferred assets, and could introduce uncertainties around Uber’s recent acquisition.