General Atlantic leads $44m round in Yemeksepeti.com

The new capital from the all-equity deal will support the company's domestic and international expansion, as well as the development of new products, including online grocery orders, restaurant reservations and review services.

Company
Yemeksepeti.com is an Istanbul-based online platform for food ordering services. The company was founded by current CEO Nevzat Aydin in 2001. Its platform regroups 6,500 restaurants and operates throughout Turkey and the Middle East, where it counts 1.5 million registered users and 50,000 daily orders. 

People
Managing director Gabriel Caillaux led the deal on behalf of General Atlantic and will join the board of directors of Yemeksepeti.com upon completion of the deal. Co-founder and CEO Linda Rottenberg led the investment for Endeavor Global.

Advisers
Equity - Ernst & Young (Financial due diligence, tax); Paul Weiss (Legal); Guner Law Office, Ece Guner (Legal); Forte Consulting (Commercial due diligence); Code Advisers (M&A).
Company - Balcioglu Selcuk Akman Keki Avukat Ortakligi, Galic Selcuk (Legal). 

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• Topics
• CEE
• Consumer
• Expansion
• Turkey
• General Atlantic