About Fazla
Fazla is a company based in Istanbul (Turkey) founded in 2016 by Arda Eren and Olcay Silahli.. Fazla has raised $9.48 million across 7 funding rounds from investors including European Union, ESOR Investments and 212. Fazla offers products and services including Fazla Market, Donation, Animal Feed, Recycling, and Smart Scale System. Fazla operates in a competitive market with competitors including Keenan Recycling, TomTex, Hydron Energy, Wild Hydrogen and FloVision Solutions, among others.
- Headquarter Istanbul, Turkey
- Founders Arda Eren, Olcay Silahli
- Stage Minicorn
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Sectors
ConsumerEnvironment
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9.48 M (USD)
in 7 rounds
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Latest Funding Round
$6 M (USD), Seed
Jun 07, 2023
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Investors
European Union
& 10 more
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Employee Count
Employee Count
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Products & Services of Fazla
Fazla offers a comprehensive portfolio of products and services, including Fazla Market, Donation, Animal Feed, Recycling, and Smart Scale System. 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 selling surplus products to reduce waste
System for donating excess items to those in need
Converts surplus food into animal feed resources
Handles recycling of packaging and chemical waste
Technology for tracking and managing waste inventories
Offers business and consumer solutions for sustainability
Provides guidance on waste reduction strategies
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Funding Insights of Fazla
Fazla has successfully raised a total of $9.48M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $6 million completed in June 2023. 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 7
- Last Round Seed — $6.0M
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First Round
First Round
(01 May 2017)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Fazla | Valuation |
investors |
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| Jan, 2023 | Amount | Grant - Fazla | Valuation |
investors |
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| Jul, 2021 | Amount | Seed - Fazla | Valuation | 212 Vc |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Fazla
Fazla has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include European Union, ESOR Investments and 212. 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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A venture capital firm focused on emerging technology investments.
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Founded Year | Domain | Location | |
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Startups at all stages are invested in by 212 VC.
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Founded Year | Domain | Location | |
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Venture capital and acceleration are provided to tech startups.
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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 Fazla
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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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 - Fazla
| 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 |
Fazla Comparisons
Competitors of Fazla
Fazla operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Keenan Recycling, TomTex, Hydron Energy, Wild Hydrogen and FloVision Solutions, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Organic recycling and food waste collection services are provided.
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| domain | founded_year | HQ Location |
Biodegradable textiles are developed from seafood shells and mushroom waste.
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| domain | founded_year | HQ Location |
Hydrogen is generated from biogas using proprietary adsorption technology.
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| domain | founded_year | HQ Location |
Hydrogen is generated from unprocessed biomass under pressure.
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| domain | founded_year | HQ Location |
AI solutions for food production optimization are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Fazla
Frequently Asked Questions about Fazla
When was Fazla founded?
Fazla was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Fazla located?
Fazla is headquartered in Istanbul, Turkey.
Who is the current CEO of Fazla?
Olcay Silahli is the current CEO of Fazla. They have also founded this company.
Is Fazla a funded company?
Fazla is a funded company, having raised a total of $9.48M across 7 funding rounds to date. The company's 1st funding round was a Seed of $2.97M, raised on May 01, 2017.
What does Fazla do?
Provider of holistic waste management solutions for the circular economy. It offers technology-based services to reduce waste generation at its source and recycle surplus materials. Services are provided to various stakeholders across the supply chain, including manufacturers, retailers, distributors, the food and beverage industry, and consumers. Solutions encompass donation programs, animal feed production from waste, and recycling initiatives. A key component is a large-scale partner ecosystem that facilitates the efficient movement of surplus inventory to those who can utilize it, maximizing value recovery. The companys approach aligns with established waste management hierarchies, prioritizing reduction and reuse before recycling.
Who are the top competitors of Fazla?
Fazla's top competitors include Keenan Recycling, FloVision Solutions and Hydron Energy.
What products or services does Fazla offer?
Fazla offers Fazla Market, Donation, Animal Feed, Recycling, and 3 more products and services.
Who are Fazla's investors?
Fazla has 11 investors. Key investors include European Union, ESOR Investments, 212, 500 Global, and FoodLabs.
What is Fazla's valuation?
The valuation of Fazla is $43M as of Jun 2023.