Abu Dhabi’s Mubadala Investment Co. is set to take full control of Turkish grocery delivery startup Getir, following a power struggle after the company’s decline post-pandemic. Mubadala formally applied for control over Getir’s grocery and food delivery operations this week, according to a statement from Turkish antitrust regulators. The move follows a June funding round in which Mubadala secured a controlling stake, leading to the departure of Getir’s founder Nazım Salur from his role as CEO. The startup’s leadership had previously clashed with investors over strategy and financial management.

Getir became a standout during the pandemic, offering ultra-fast grocery deliveries, sometimes within 10 minutes. At its peak in 2022, the company was valued at $11.8 billion, but that dropped sharply to $2.5 billion in a subsequent funding round. Struggling with cash burn, Getir has since exited key international markets, including the UK and the US, and is now refocusing on its core market in Turkey. Mubadala has remained a consistent backer, providing over 80% of the capital since 2021, according to a company spokesperson.