Nazim Salur, founder and CEO of Getir, explains why no single rapid delivery startup can capture every global market simultaneously.
0:00 / 0:12exact quote · 12.3s
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“So there's gonna be some regional champions here, because look, I can't do 200 countries within the next two years. It's not humanly possible. So there's gonna be some other companies doing some regions that we don't go.”
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More from Nazim Salur
PredictionOpen · timeframe Sep 2031
Salur: 10-minute grocery delivery will exist wherever pizza delivery exists by 2031
“But in the long run, let me tell you this, Harry. The long run, if there's pizza delivery in any small town, there'll be a service like Getir, whether Getir will be there or something similar, will be there. Next five to 10 years, everywhere there's pizza deli…”
Nazim SalurSep 16, 2021▶ 28:0220VC: Getir Founder, Nazim Salur on The Future of Last Mile Convenience, Who Will Win? Lessons on Driver Acquisition and Efficiency, Zone Maturity and Time To Profitability and Scaling to 300 Cities in the US in 2022
AssertionSupported
Salur: Getir pioneered 10-minute instant delivery globally six years ago
“We are the first company in the world to come up with the idea six years ago.”
Nazim SalurSep 16, 2021▶ 3:5420VC: Getir Founder, Nazim Salur on The Future of Last Mile Convenience, Who Will Win? Lessons on Driver Acquisition and Efficiency, Zone Maturity and Time To Profitability and Scaling to 300 Cities in the US in 2022
Insight
Salur: 1,500 SKUs is the optimal inventory size for 10-minute delivery
“And so now we know the optimal Optimum number is around 1500. So here's from me to all the competition. 1500 is the right number.”
Nazim SalurSep 16, 2021▶ 12:1520VC: Getir Founder, Nazim Salur on The Future of Last Mile Convenience, Who Will Win? Lessons on Driver Acquisition and Efficiency, Zone Maturity and Time To Profitability and Scaling to 300 Cities in the US in 2022
Insight
Salur: Delivery companies cannot offer both full selection and 10-minute speed
“You cannot play both, ok? You cannot say, I'm A to Z, I will sell everything, and also, I'll be in 10 minutes. That's not the case.”
Nazim SalurSep 16, 2021▶ 13:2020VC: Getir Founder, Nazim Salur on The Future of Last Mile Convenience, Who Will Win? Lessons on Driver Acquisition and Efficiency, Zone Maturity and Time To Profitability and Scaling to 300 Cities in the US in 2022
AssertionNot checkable as stated
Salur: Getir's core delivery business is profitable today excluding growth spending
“The thing is, if we don't need to grow fast, this business is a profitable business today. It's just that we spend more money on growth than we make margins on.”
Nazim SalurSep 16, 2021▶ 18:5020VC: Getir Founder, Nazim Salur on The Future of Last Mile Convenience, Who Will Win? Lessons on Driver Acquisition and Efficiency, Zone Maturity and Time To Profitability and Scaling to 300 Cities in the US in 2022
PredictionOpen · timeframe Sep 2031
Salur: Over 50% of grocery shopping will be digital by 2031
“10 years later, whether it's 10 minutes, 30 minutes, same day, it will be more than 50% of grocery shopping, I think, will be done digitally in most countries, and it'll be within the same day, most of it within under an hour, ok?”
Nazim SalurSep 16, 2021▶ 33:3420VC: Getir Founder, Nazim Salur on The Future of Last Mile Convenience, Who Will Win? Lessons on Driver Acquisition and Efficiency, Zone Maturity and Time To Profitability and Scaling to 300 Cities in the US in 2022
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