Endeavor Catalyst today announced that it had participated in a $44 million round of funding in Endeavor Turkey company Yemeksepeti.com. The investment round was led by General Atlantic, a top global growth equity firm that manages over $18 billion in capital. This represents GA’s first investment in Turkey.
According to CEO Nevzat Aydın, the company will use the funding to propel international expansion. Yemeksepeti.com is an online food delivery portal that provides 1.5 million registered users from Turkey and the United Arab Emirates access to over 6,500 restaurants, including major chains like Domino’s, Pizza Hut, and KFC. Since selection by Endeavor in 2007, the organization has connected Yemeksepeti to senior executives from Foursquare, Seamless, and Travelocity, as well as providing visibility at conferences, media events, and at local universities.
Endeavor Co-Founder & CEO Linda Rottenberg said that the investment marks a critical inflection point for Yemeksepeti.com. “This is an enormously exciting moment for Nevzat and his team, and we are thrilled and proud to be participating in it,” Rottenberg said. “Our experience in other global markets suggests that investing in high-impact entrepreneurs like Nevzat ignites change throughout a region’s economy. New networks begin to form, inspiring and supporting the next generation of entrepreneurs who go on to create even more jobs and innovation. We look forward to Yemeksepeti providing a terrific model for this transformative economic development.”
To learn more about the investment, please click here