ISTANBUL, April 25 (Reuters) - Turkish grocery delivery

company Getir is considering the sale of online shopping

platform n11 among options in discussions with investors on a

new road map, two sources close to the matter said.

Getir grew rapidly during the COVID-19 pandemic, attracting

high-profile investors and reaching a valuation of $12 billion

two years ago as it established operations across Western Europe

and in the United States.

But as the pandemic ended and people returned to physical

shopping, high profit margins fell, making it difficult to meet

costs arising from investments in these markets.

"There are many options on the table being discussed with

investors. We cannot say every option discussed will happen. One

of them is the sale option for n11," one source told Reuters.

Getir declined to comment on the issue.

In 2022, Getir laid off 14% of its employees in Turkey due

to inflation pressures. A year later, it announced its departure

from the French, Italian, Spanish and Portuguese markets,

limiting its activities to Turkey, Britain, Germany, the

Netherlands and the United States.

"A way out is being sought. Options are being evaluated and

n11 is one of them," a second source said, adding it was unclear

what decision would ultimately be made.

Getir became a partner in n11 in early 2022 before buying

the remaining shares from Turkey's Dogus Group and South Korean

SK Planet.

A third source, who like the others requested anonymity to

discuss private matters, said n11 offices were merged with Getir

as part of downsizing and layoffs in recent weeks. "There may be

a sale afterwards, or they may continue like this."

Turkish businessman Nazim Salur founded Getir in 2015. Its

investors included Mubadala Investment Company, Abu Dhabi Growth

Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global.

The first source said that as part of strategic discussions,

Getir may consider exiting the United States, where it bought

FreshDirect last year but has failed to meet its expansion goal.

Getir operates in New York and Chicago.

The company also declined to comment on exiting markets.

German media reported on Wednesday that Getir was close to

withdrawing from Germany, a year and a half after it bought

Gorillas in a deal worth $1.2 billion.

(Additional reporting by Birsen Altayli and Can Sezer;

Writing by Daren Butler;

Editing by Jonathan Spicer and Emelia Sithole-Matarise)