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Russia-backed Buyk online grocery files bankruptcy, officially ceases operations

- General News
The company intends to use the Chapter 11 proceedings to wind down operations and dispose of inventory and assets. As of March 4th, the company has ceased all operations from its 39 stores in New York City and Chicago.

Ultrafast grocer Getir raises $768 million, reaches $11.8 billion valuation

- Retail
Since January 2021, Getir has been successfully realizing its ambitious expansion plans across Europe and the US, now reaching a total network of over 1,100 g-stores and close to 40 million app downloads across 9 countries, delivering almost one million orders daily.