Core Finance acted as exclusive financial advisor to Fuudy on its seed round with investment from a group of established founders and leading private investors. Fuudy is a leading new generation food delivery platform differentiated with premium curated merchant variety, elevated experience and customer focus.
Founded by Ilker Baydar and Cem Mirap in 2020, Fuudy achieved month-over-month growth of more than 15% consecutively and targets 1 Billion TL in GMV in 2021. Underscoring the demand for its technology and the bumper year it’s just had, the company has raised its seed funding that it will be using to expand its business. That will include growing the team, increased sales & marketing efforts and targeting more vendors— restaurants, dark kitchens and supermarkets — in a wider range of markets. Investors in the round include Cenk Çimen (Head of Automotive at Koc Holding) Barbaros Özbugutu (Founder & CEO at Iyzico); Sitare Sezgin (CEO & GM at AkÖde & Tosla), Yağız Çekin (Partner at Actera Group) and more.
Co-founder İlker Baydar commented: “This investment enables us to continue executing on our vision of delivering premium service and curated products, whenever and wherever our customers need them. We will be looking to grow our team and also expand our logistic capabilities in an environmentally friendly manner which works well with the Fuudy way.”
This represents Core Finance's 11th transaction in the last 12 months and 6th in 2021 year to date.