Bootstrapped for nine years until now, Istanbul-based fulfilment company OPLOG has brought in €11 million to fuel the company’s expansion plans. The company is looking at opening its first warehouse outside Turkey in the U.K. by the end of the year. The startup currently has warehouses in Gebze, Dilovasi and Ankara. The new cash will also enable the startup to drive product research and development, including in its robotics division TARQAN. The company also wants to operate using in-house robotics technology within its fulfilment centres from first quarter of 2023.
The pre-series A round was led by Turkish private equity firm Esas Private Equity.
Founded in 2013, the company stocks a merchant’s products in their smart warehouses and prepares orders on their behalf - managing delivery and providing end-to-end fulfilment services enhanced with technology. OPLOG’s robotics technology is proprietary and each warehouse will utilise up to 50 robots. According to the company, it has experienced 91% YoY growth in units fulfilled, in contrast to the wider e-commerce slowdown post-pandemic.
OPLOG founder and chief executive Halit Develioglu said: “OPLOG was founded nine years ago and bootstrapped until today to drive e-commerce forward by enabling global businesses, and brands, to offer seamless post-purchase experiences to their customers.”