Turkish luxury ready wear brand Vakko Holding has invested USD 3m in the online food delivery application Fuudy, according to a press release from the holding company. The company aims to expand services offered by Fuudy as well as to build on the luxury concept in the food and beverages industry.
“We’ll continue to support digitalization and ventures in this field this year. We plan to grow Fuudy, diversify and develop its services, and transfer our know-how with customer experience,” said Cem Hakko, Chairman of the Board of Directors of Vakko Holding.
“Transforming the business with technology is important in the current digital era. We will work on inspiring projects for this transformation. We’ll also announce new developments soon,” Vakko Holding CEO Jaklin Guner noted.
Completion of the second funding round will create value-added for both Fuudy and the entire food and beverages sector, as well as the gastronomy ecosystem, according to Fuudy Founding Partner Cem Mirap.
“Fuudy focused on online food platform and growth in intersecting verticals with their investments to date. Vakko will accelerate and add value to Fuudy’s growth strategies,” said Ilker Baydar, Founding Partner and CEO of Fuudy.