Turkey based fast-delivery startup Getir is rumoured to be in talks to buy Berlin based rivals, Gorillas. Should the merger take place, Getir would be able to scale its reach in key European markets including the UK and Germany.

Bloomberg reports that no final decisions have been made but the deal would be a mix of cash and equity.

Currently, heavily loss-making Gorillas is working with JP Morgan on fundraising plans and other strategic options that includes the sale of some of its business.

At the same time, earlier this year Getir has managed to raise yet more funds for its own loss-making operations. It closed a €791.8 million funding round led by state investor Mubadala that valued the company at around €12.4 billion.

Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global participated in the funding round.

Other media outlets have attempted to see if there is truth in the rumoured mega merger. A Getir spokesperson told Reuters that they could ‘neither confirm or deny’ the report, and Gorillas refused to make any comment on the matter.

Two loss making companies coming together largely make a very large loss making venture. Scale seems to be one of the big thrusts of such fast delivery companies in the belief that economies can be found by growing the business in size. Though Deliveroo says it is set to make a profit this year (not by mega merger), none in this sector have yet to achieve any form of profitability. Venture Capitalists seem to agree that investment in these businesses isn’t going to achieve much, and VC is drying up for such companies. Should Middle Eastern investors wake up to the realities seen by their Western counterparts, the mega-merged company formed by Getir and Gorillas could still yet fall.