Startups

Octovan, personal and corporate goods transportation platform, received an investment of ₺44 million

Octovan, a domestic enterprise founded by Erhan Gunes and Sadikcan Kamiloglu, serving as a Personal and Corporate (B2B) Home Transportation and Goods Transportation platform, reached a valuation of ₺44 million with its new investment.

Vinci Venture Capital, one of the former investors of the venture, Onur Canlitepe, founding partner and investment banker of ONX Capital, and Ugur Nural, one of ex-PwC and global startup consultants, were among the investors participating in the third round. With this investment tour, names such as the Founder of Maltepe Yonder Schools, Selcuk Tuygun and Serdar Ozcan, took their places among Octovan investors. Octovan was one of the first initiatives of the Workup Entrepreneurship Program.

Erhan Gunes, one of the founding partners of the initiative, said: “With this investment, we will bring our users who need to transport individual urban and intercity houses and parts goods together with machine learning and affordable shared transportation service. Octovan, which we launched as a home and piece goods transportation platform in 2017, has traveled more than 625,000 km with more than 1,000 transportation teams and carried over 40,000 people to their new home.” Stating that they act with the priority of “the best service experience” in the sector, receiving a score of “4.7” out of “5” according to the score of users who receive home or piece goods transportation in the transport sector, he added saying, “All shipping teams are trained on Octovan standard and transportation contents and start to serve in Octovan. We have signed contracts for more than 1,000 shipping teams so far and brought users together with new standards.”

Octovan shared that it set out to be a complete relocation assistant for users who need to move things and move houses. Octovan, which serves with the transport marketplace model, also cares that the transporters do not waste time in any business other than transportation. For this reason, with its easy-to-use Octovan Driver application, it offers an application where they can follow all their calendars, income, job notifications, and teams.

Finally, Octovan, which grew 3.5 times despite the pandemic, started to serve in Izmir and Ankara provinces after the success it has achieved in Istanbul. With this investment, Turkey’s goal is to expand the coverage of its corporate transportation service to major e-commerce companies, to bring together individual users with quality and affordable transportation services, and to provide the first transportation services in the European countries it targets.

Mehmet Ertekin, one of Octovan’s New Shareholders, said: “I am happy to be involved in an initiative that solves a huge problem in a very large market. This year, we are about to exceed 1,000 transports per day. This means reaching 1,000 different people every day with Octovan orange. I can’t wait to see Octovan next year. “

Sadikcan Kamiloglu, one of the founding partners of Octovan, said, “We are in a period when unity and solidarity are most meaningful and the importance of cooperation increases even more in these times. We have made different collaborations with over 20 brands so far. This year, we aim to increase this figure to over 40.”

Source: Egirisim / Translated by Irem Yildiz

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