About Otoplus
Otoplus is a company based in Istanbul (Turkey) founded in 2015 was acquired by Hedef Filo in July 2023.. Otoplus offers products and services including Vehicle Appraisal Service, Sales Platform, and Delivery and Transaction Service. Otoplus operates in a competitive market with competitors including Kavak, Arabam.com, VavaCars, Ikinciyeni and Tasit.com, among others.
- Headquarter Istanbul, Turkey
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Sectors
Transportation, Automotive & Logistics
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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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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Hedef Filo
(Jul 18, 2023)
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Products & Services of Otoplus
Otoplus offers a comprehensive portfolio of products and services, including Vehicle Appraisal Service, Sales Platform, and Delivery and Transaction 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.
Free expert evaluation to determine vehicle worth and condition.
Online system for quick vehicle sales with instant payment transfers.
Handles vehicle sales processes and guarantees for secure exchanges.
Funding Insights of Otoplus
| 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 Otoplus
Otoplus has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Hedef Filo. 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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Long-term and fleet vehicle leasing solutions are provided.
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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 Otoplus
| 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 - Otoplus
| 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 |
Otoplus Comparisons
Competitors of Otoplus
Otoplus 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 Kavak, Arabam.com, VavaCars, Ikinciyeni and Tasit.com, 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 |
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| domain | founded_year | HQ Location |
Pre-owned cars are certified, inspected, and traded online via Kavak.
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| domain | founded_year | HQ Location |
Online listing platform of used vehicles
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| domain | founded_year | HQ Location |
Cars are bought and sold through an online P2P platform.
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| domain | founded_year | HQ Location |
Online platform for second-hand car auctions, sales, inspections, and logistics services.
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| domain | founded_year | HQ Location |
Auto classifieds and car rentals are facilitated through Tasit.com.
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| domain | founded_year | HQ Location |
Multi-category vehicles are advertised online by individuals and traders.
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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 Otoplus
Frequently Asked Questions about Otoplus
When was Otoplus founded?
Otoplus was founded in 2015.
Where is Otoplus located?
Otoplus is headquartered in Istanbul, Turkey.
Who is the current CEO of Otoplus?
Johan Nel is the current CEO of Otoplus.
What does Otoplus do?
Otoplus was founded in 2015 in Istanbul, Turkey, as an online platform in the automotive sector. Advertisements for used cars are posted by sellers through the site, while buyers are enabled to search for vehicles based on preferences and initiate direct contact with owners. Operations focus on facilitating transactions between private parties in the used car market.
Who are the top competitors of Otoplus?
Otoplus's top competitors include Kavak, Araba.Com and Arabam.com.
What products or services does Otoplus offer?
Otoplus offers Vehicle Appraisal Service, Sales Platform, and Delivery and Transaction Service.
Who are Otoplus's investors?
Otoplus has 1 investor. Key investors include Hedef Filo.