About Armut
Armut is a company based in Istanbul (Turkey) founded in 2011.. Armut has raised $3.2 million across 2 funding rounds from investors including Hummingbird Ventures and AddVenture. Armut offers products and services including Service Booking Platform, Home Cleaning Service, and Moving Service.
- Headquarter Istanbul, Turkey
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Armut Teknoloji A.S.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.2 M (USD)
in 2 rounds
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Latest Funding Round
$3.2 M (USD), Series A
Jun 21, 2016
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Investors
Hummingbird Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Armut
Armut offers a comprehensive portfolio of products and services, including Service Booking Platform, Home Cleaning Service, and Moving Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for requesting quotes from professionals for various services
Connects users with experts for residential cleaning tasks
Facilitates quotes for transportation and relocation needs
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Funding Insights of Armut
Armut has successfully raised a total of $3.2M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $3.2 million completed in June 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $3.2M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2016 | Amount | Series A - Armut | Valuation | AddVenture | |
| Jan, 2014 | Amount | Seed - Armut | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Armut
Armut has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Hummingbird Ventures and AddVenture. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in early-stage startups are focused on by Hummingbird Ventures.
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Founded Year | Domain | Location | |
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Tech companies in Russia are funded by AddVenture VC firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Armut
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Armut
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Armut Comparisons
Competitors of Armut
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Armut
Frequently Asked Questions about Armut
When was Armut founded?
Armut was founded in 2011 and raised its 1st funding round 3 years after it was founded.
Where is Armut located?
Armut is headquartered in Istanbul, Turkey.
Is Armut a funded company?
Armut is a funded company, having raised a total of $3.2M across 2 funding rounds to date.
What does Armut do?
Armut was founded in 2011 and is headquartered in Istanbul, Turkey. An online platform is operated to connect consumers with providers of local services, including home improvement, moving, and cleaning. Price quotes from multiple providers are compared by users, who select options and schedule appointments digitally. Operations are confined to Turkey, with Series A funding received from Hummingbird Ventures.
What products or services does Armut offer?
Armut offers Service Booking Platform, Home Cleaning Service, and Moving Service.
Who are Armut's investors?
Armut has 2 investors. Key investors include Hummingbird Ventures, and AddVenture.