Focusing on e-commerce logistics with Octovan Express, a new service announced in January 2022 Octovanreceived an investment of 11.5 million TL in the financing round in which Arz Portföy and Vinci Yatırım participated.
Sharing his evaluations about the investment process, Octovan CEO Erhan Güneş said that they have achieved a significant growth momentum as of 2022 and that they are growing without slowing down with Octovan Express. Güneş stated that they aim to fully perfect the company’s model in Turkey with the financing they obtained from the investment round and that some of the companies they are currently working with in Turkey are in talks to start their international operations. Güneş added that they are planning to start Series A investment negotiations in the near future.
With the Octovan Express service announced as of January 2022, Octovan started to offer instant delivery solutions in e-commerce through same-day delivery, appointment delivery and a model that picks up and delivers products with photos. With this service, the company works in cooperation with many marketplaces such as Trendyol, N11, Doğtaş, Arçelik, Pazarama, Vodafone.
It is stated that Octovan Express, which offers a delivery guarantee of 24 hours within the city and 72 hours between cities and focuses on the transportation of products of 30 desi and above, which corresponds to the size of a microwave oven, has experienced a 10-fold growth in the number of deliveries and a 15-fold growth in volume in the last 6 months. Octovan Express complies with the 24-hour guarantee within the city by 99.97 percent. The average delivery time in Istanbul is 8.5 hours. In the deliveries made by appointment, the products are delivered to the customer’s door even if there is no elevator in the buildings.
Octovan works with more than 1,200 transportation companies. It is stated that with the investment received, e-commerce companies and companies that need large product transportation, especially white goods and furniture manufacturers, will continue to contribute to customer satisfaction and work to make consumers’ lives easier.
