Nazim Salur
Co-Founder, Getir. On 1 show, 1 appearance. The Shows tab opens the full record on each.
founderexecutiveinvestor@NazimSalur ↗getir.com ↗
Nazim Salur co-founded the ultrafast grocery delivery company Getir in 2015, which expanded across Europe and the United States and reached a peak valuation of nearly $12 billion. Prior to Getir, he founded the Turkish taxi-hailing application BiTaksi in 2013.
1shows
1appearances
29statements
11resolved
9supported
1contradicted
82%fully supported
7said about them ↓ Everything Nazim Salur said on any show that made the record, most notable first. Each card names its show and opens the statement there.
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…”
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.”
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.”
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.”
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.”
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?”
Salur: At least 10 quick-commerce companies will succeed globally by 2031
“I think there'll be at least three players in the more prominent markets. Smaller market, it can be one or two players, still at least two. And in the world total, there'll be at least 10 successful players. 10 years later, because no two companies can do the …”
Salur: International investors refused Getir until Mike Moritz backed them
“Worldwide, we talked to many investors, and until Mike Morris invested in us, the others weren't brave enough to put their money in a Turkish business.”
Salur: 10-minute delivery is impossible using third-party supermarket pickup models
“If you depend on a third party, 10 minutes doesn't happen. If you go pick up stuff from a supermarket, then, you know, it doesn't work. And then half hour, one hour game you're playing, ok?”
Salur: Gig food delivery companies neglect basic courier working conditions
“The food delivery industry doesn't give this because they use gig economy, and they don't really care where these guys use as bathrooms or what they do under the sun or under the rain. It's just the way they built their industry.”
Salur: Getir will launch in NY, Chicago, and Boston by late 2021
“We start with three cities. Those are going to be New York, Chicago, and Boston. Before the end of the year, we'll be operational in all three, and then we'll take it from there.”
Salur: Getir aims to expand to at least 300 US cities
“So if you look at U.S., there's at least 300 cities with a population of 100,000 or more. That's the first year. We should be at least in 300 cities. ASAP in the U.S. I don't know how long it will take.”
Salur: Regulators will prevent single-company monopolies in digital grocery
“Governments around the world will not let one player, when most of this thing is digital, dominate the grocery market. It'll be several players.”
Salur: Mike Moritz personally invested in Getir before Sequoia Capital did
“He was the first to put, and he invested his own money. Sequoia came later”
Salur: Over 20 companies are currently cloning Getir's 10-minute delivery model
“At the moment, there's more than 20 different companies cloning us, and every day we see some more adding to it”
Salur: 10-minute delivery requires hyper-local dark stores over central warehouses
“To do 10 minutes, you have to have those products at hand in the time of ordering, and somewhere close to the consumer. So you cannot have one or two major warehouses in the city and then do 10 minutes. That's not possible.”
Salur: Consumer proximity matters more than real estate cost for dark stores
“The cost of warehouse, of course, is important, but not the most important. The most important is being close to your consumer.”
Getir tracks app download locations to map demand for new dark stores
“When you download us, we know exactly where the download takes place. So we know how many customers potentially are there, and so it's just basic technology.”
Salur: Getir targets 10-minute delivery compared to GoPuff's 30-minute model
“Their model is slightly different. They aim for about 30 minutes. We aim for 10 minutes.”
Salur: Over 80% of consumers buy the top eight shampoo brands
“I can give you eight different kinds of shampoo, and you should be fine with that, because more than 80% of the people buy those first eight brands.”
Salur: Getir builds courier break rooms first in every new warehouse
“First of all, when we do a warehouse, these small fulfillment centers, the first thing we do, we spare a room for the couriers to sit and have a cup of coffee or tea while they're not working, and the bathroom they're going to use. That's the first thing we bu…”
Salur: Getir dark stores reach operational maturity six months post-launch
“Let's say old market is actually a market we're in after six months. When we open a warehouse in a new neighborhood, six months later, it's probably a mature warehouse. So after six months, the efficiencies come up really good.”
Salur: Quick-commerce will consolidate to two or three players per city
“I don't think in one big city market, there'll be 10 players. There may be now, but in the long run, this is probably a two, three player game in each market.”
Salur: Regional quick-commerce champions will emerge where Getir cannot expand
“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.”
The other half of the tape: Nazim Salur's own voice is left out of every number here. Other people bring the name up 7 times in 2 episodes across the shows. every mention, with the transcript →
Who brings them up most Harry Stebbings 7
Every mention by year
tap a year for its mentions
20VC 7
2021 7 mentions in 2 episodes 4 per episode
- 20VC: Deliveroo Founder Will Shu on The IPO This Year, The Rise of Quick Commerce and The Fierce Competition with Uber Eats
- 20VC: The Rise of Quick Commerce and Why CPGs ARe Misaligned Being Powered By Ad Spend, The 5 Core Components Consumers Care About When Ordering Today & Why Amazon and Alibaba Will Not Be The Big Players in 10 Years with Ralf Wenzel, Founder & CEO @ JOKR
- every mention in 2021, scene by scene →
One line per show, most statements first. The link opens Nazim's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| 20VCLEDGER | Co-Founder, Getir | 1 | 29 | 82% 9/11 | full record on 20VC → |