Renting marketplace Common

Rental marketplace Ortak launches second investment round with 7.5 million TL funding request

The Ortak initiative, which appears in the rental market, which has reached a financing volume of over 2 billion dollars globally, has entered the investment round for the second time on the fundbulucu platform. Founded within the technology company Porte, Ortak provides passive income to individuals by renting out the products they do not use, while offering a reliable marketing and sales channel for corporate brands to deliver their products to users through rental. Ortak, which completed its first crowdfunding round at the end of 2022 in 26 hours and reached 4 million 680 thousand TL funding, is demanding 7.5 million TL funding with the offering of 6 percent of the company shares to investors in the new investment round.

The leasing market, which has achieved a financing volume of over 2 billion dollars in the global market, has started to gain momentum in Turkey in recent years. Founded in 2022 within the technology company Porte, which is managed by a team experienced in venture management, investment and exit processes in the international and national market, Ortak stands out as a local initiative with its wide product range, marketplace option and corporate leasing channel.

The startup provides passive income to individuals by renting out products they do not use, and offers a reliable marketing and sales channel and an alternative revenue model for corporate brands to deliver their products to users through rental. Having validated its business model in the field with successful managerial skills, the startup grew 36 times in visitors, 13 times in members, 28 times in app downloads, 20 times in booking requests and 46 times in total turnover from January 2023 to January 2024.