# Garaj Sepeti

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/garaj-sepeti

- Industry: Retail
- Headquarters: Istanbul, Turkey
- Website: www.garajsepeti.com
- Total disclosed funding: $1.8M
- Latest round: Series A (Nov 1, 2019)
- Investors on record: 7

## About

Operating in Turkey, Garaj Sepeti functions as a comprehensive online platform for buying and selling vehicles, emphasizing user-friendly transactions and customer support in the automotive market.Founded in 2017, Garaj Sepeti is headquartered in Istanbul, Turkey, specializing in the automotive sector. The company was established by Cigdem Dalyan, Emrah Sener, Engin Öz, and Serdar Temel. In December 2021, Garaj Sepeti was acquired by UVI Tech, S.A.P.I. de C.V., enhancing its global expansion capabilities. The investment targets include notable firms such as Finberg and Galata Business Angels. The company has completed a total of 6 deals, with the latest funding round being a Series A that raised USD 1.500 mn, supported by investors like Aventio MB and Teknasyon.Garaj Sepeti operates as a dedicated platform for vehicle transactions, offering a variety of certified pre-owned cars from brands such as Peugeot, Volkswagen, Opel, and Ford. The platform facilitates direct buying and selling of vehicles, including inspections and customer support services. Financing options and trade-in assistance are available, catering to a diverse audience from first-time buyers to seasoned enthusiasts, primarily targeting the Turkish market with a strong focus on customer satisfaction.Garaj Sepeti generates revenue through direct sales of vehicles and related services in automotive transactions. The business model includes commissions from vehicle sales, financing arrangements, and service fees for trade-ins. The platform allows buyers to purchase vehicles at set prices while sellers can list their cars, promoting a streamlined experience for both parties. Pricing structures are based on market conditions and vehicle specifications, aiming to maintain competitiveness in the automotive landscape.Looking ahead, Garaj Sepeti aims to expand its product offerings and enhance its platform capabilities. The company plans to enter new regional markets, focusing on growth within Turkey and potentially expanding to neighboring countries by 2023. The recent funding raised in December 2021 will support these initiatives and the development of new features, aligning with UVI Tech's broader strategy for global expansion.

## Funding rounds

- Series A, Nov 1, 2019, $1.5M — Galata Business Angels, Aventio MB, Finberg, Growth Circuit Ventures, Teknasyon, F+ Ventures, Map Yatirim
- Series A, Feb 1, 2018 — Finberg
- Seed, Aug 28, 2017, $0.3M — Galata Business Angels

## Investors

- Galata Business Angels (https://capitalatlas.ai/funds/galata-business-angels) — Seed, Series A
- Finberg (https://capitalatlas.ai/funds/finberg) — Series A
- Aventio MB — Series A
- Growth Circuit Ventures (https://capitalatlas.ai/funds/growth-circuit-ventures) — Series A
- Teknasyon (https://capitalatlas.ai/funds/teknasyon) — Series A
- F+ Ventures — Series A
- Map Yatirim — Series A