Yemeksepeti.com Receives $44M Equity Investment
Yemeksepeti.com, an online food ordering service operating in Turkey and the Middle East, has received a $44m equity investment.
The round was led by General Atlantic, which has acquired a minority stake in the company, with participation from Endeavor Catalyst.
The company intends to use the capital to continue to grow in Turkey and accelerate its international expansion.
Founded in 2001 by CEO Nevzat Aydın, CIO Melih Ödemiş CFO Gökhan Akan and Cem Nüfusi, Yemeksepeti.com enables consumers to order food online in Turkey and in UAE (www.foodonclick.com), with no extra charge to over 6,500 restaurants across both independents and chains including Burger King, Domino’s Pizza, KFC, Little Caesars Pizza, McDonald’s, Papa John’s and Pizza Hut. It has 1.5m registered users who submit over 50.000 orders daily.
The company is also developing new product offerings including a marketplace for grocery ordering, a restaurant reservation and review service and a local delicacies ordering platform.
In conjunction with the funding, Gabriel Caillaux, managing director at GA, has joined Yemeksepeti.com’s board of directors.