GSA Startup News October 2022: Gorillas–Getir Talks & Grover's Rise

from Blockchain Germany – Web3 Startups, Crypto Innovation & Venture Capital by Startuprad.io™ · host Joern "Joe" Menninger

October 2022 in GSA startups: quick-delivery player Gorillas looks to sell itself to rival Getir (per Bloomberg), Grover adds €270m in venture debt to approach a €2bn valuation, and Nuri (formerly Bitwala) files for insolvency and winds down. Startuprad.io's monthly English-language recap, recorded in October 2022 with Joe (Frankfurt) and Chris. 📖 Full article & episode archive: https://www.startuprad.io/post/knowledge Why this matters A month heavy with consolidation and casualties: a landmark grocery-delivery merger, a rare venture-debt raise into a downturn, and the collapse of a well-known crypto-banking startup, all signs of the shakeout underway. Inside the episode Gorillas reportedly selling itself to competitor Getir, per BloombergGrover raises €270m in venture debt, nearing a €2bn valuationNuri (formerly Bitwala) files for insolvency; Volocopter sued by early crowdfunding backers Related on Blockchain Germany This Month in German, Swiss, and Austrian (GSA) Startups - September 2022This Month in German, Swiss, and Austrian (GSA) Startups - November 2022 🤖 Optimized for AI & LLM discovery: https://www.startuprad.io/llm 🤝 Partner with Startuprad.io: Reach an audience following GSA delivery, fintech and mobility shakeouts. https://www.startuprad.io/become-a-partner Folge direkt herunterladen Startuprad.io™ - All Rights Reserved | AI & research reference → https://www.startuprad.io/llm

What this episode covers

Another one of our former guests gets a Snoop Dog investment. Quick delivery startup Gorillas seems to sell itself to competitor Getir, according to Bloomberg, despite an earlier announcement they are looking for more investments. Gadget rental service Grover adds 270 m € in venture debt, getting it close to 2 billion €. Our former guest Nuri (formerly Bitwala) had to file for insolvency, now investors jump ship and the company is wound down this year. Volocopter is sued by early crowdfunding backers, Home24 has a takeover offer from a brick-and-mortar furniture retailer and BioNTech takes on cancer. Also, Munich-based travel tech Holidu raises 100 m € in a combination of 75 m equity and 25 m debt funding. Let’s talk startups:

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GSA Startup News October 2022: Gorillas–Getir Talks & Grover's Rise

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This episode was published on October 26, 2022.

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