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Cash-strapped instant delivery giant Getir, trying to close funding, pulls out of Spain, Italy and Portugal

More tough times for the instant-delivery startups that once flooded the markets of Europe. Getir, the company backed by Sequoia and other big investors and once valued at upwards of $12 billion, today announced that it would be officially pulling out of Spain, Italy, and Portugal as it inched closer to finalizing a round of investment. Getir also confirmed that it would continue to operate in the U.K., the U.S., Germany, the Netherlands and Turkey. The statement on the U.K. business puts to rest rumours that had been swirling that Getir was close to filing for bankruptcy protection (administr

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