The investment round was led by DFF, one of the largest Dutch funds known for its investments in early-stage marketplace startups.(Dutch Founders Fund) 212, TechOne VC, Logo Ventures and Maxis and Arya were among the investors. While the investment attracts attention with the largest amount coming from the Netherlands to Turkey on this scale, it also stands out as DFF’s first investment in Turkey.
First phone repair shop opened by Mehmet Uygun and Zeynep Uygun in 2018
Foundmobil, which was founded as Getmobil, later became a company that buys and sells second-hand electronic products.
A marketplace that brings together small and medium-sized businesses with Turkish consumers
It turned into a platform. The company was also approved by the Ministry of Commerce of the Republic of Turkey.
It also operates as a Renewal Center within the scope of the Renewed Device Regulation.
Mehmet Uygun, one of the founding partners of the company, said, “Thanks to the regulation introduced by the Ministry, the market share of refurbished devices has grown rapidly among second-hand devices.
However, compared to other countries, annual sales of renewed devices are still at very low levels in Turkey. With the regulatory support of the ministry and the investments made by the private sector, this sector will progress much faster than in the world.
“We think.” he stated.
“Our marketplace platform ensures the development and institutionalization of the entire sector with the opportunities it provides in terms of both buying and selling for our second-hand electronics tradesmen, which we know to be around 35 thousand in our country.”
Getmobil collects used devices directly from the end user or through its business partners’ trade-in programs. In addition, thanks to the software infrastructure offered by the company, small business partners can evaluate the devices they will purchase.
They can purchase devices by doing so professionally.
After the devices go through the renewal process at Getmobil’s ministry-approved renewal facilities, they are put up for sale on getmobil.com and other offline and online platforms. Sjoerd Nikkelen, representing DFF, one of the main investors of the company: “The circular economy has recently stood out as a strong alternative in terms of both reducing the damage to the environment and increasing accessibility on the consumer side.” he stated.
“As DFF, we have observed that companies operating on a circular economy quickly achieve success if they provide the right technological infrastructure in emerging markets.
Considering Turkey’s population and economy, there is a great deal of
has potential and Getmobil brings small businesses forward with the technological infrastructure it has developed.
“It has the right strategies to reveal this potential thanks to its productive structure.”
He ended his words by saying.
It should not be forgotten that 5 billion electronic devices are thrown away every year. Similar to the behavior in other developed and developing countries, consumers’ environmental awareness is increasing in our country, and accordingly, used devices appear as a strong alternative to new devices.
Finally, Nevzat Aydın, Ömer Aras, who were involved in the company’s previous investment process
and Ahmed Karslı increased their investments in this round, while leading companies in the sector
It should be noted that Mandeep Manocha, the co-founder of India-based Cashify, is among the company’s new partners.
