Nevzat Aydın

Nevzat Aydın
Born (1976-03-08) March 8, 1976
Residence Istanbul, Turkey
Alma mater Boğaziçi University
Occupation Internet Entrepreneur, Businessperson, Angel Investor, Mentor

Nevzat Aydın (born march 8, 1976) is a Turkish internet entrepreneur, angel investor and a mentor. Aydın is the co-founder and global CEO of Yemeksepeti, the leading online food delivery portal in Turkey.[1]

During his lead in 2015, Yemeksepeti was acquired by the German-based Delivery Hero for $589 million (£378 m), which was the biggest valuation ever yet in Turkish internet history. He was among the 150 entrepreneurs invited from all around the world to the Entrepreneurship Summit held by USA President Barack Obama in April, 2010.[2] In 2013 and 2015, Aydın was named number one on Fortune’s 40 Under 40 List.[3]

Education and early career

Aydın holds a computer engineering degree from Boğaziçi University. He then moved to Silicon Valley to attend the MBA program in University of San Francisco.

He was a 21-year-old student when he realized his first entrepreneurship project, by taking 700 fans to his favorite band U2’s concert in Thessaloniki, Greece. Although his team faced many challenges on the road such as the border officers’ strike, they managed to reach their goal. His work experience prior to Yemeksepeti includes the internships that he completed during his studies, which convinced him not to work in corporate firms.

He had the opportunity to observe the start-up environment during his stay in Silicon Valley. Food delivery models were in his focus and he had the inspiration to start such a business in Turkey, with a tailor made model for Turkish customers’ needs. Dropping of his MBA studies, he turned back to Istanbul to pursue his endeavor.

Yemeksepeti career

Professional career of Nevzat Aydın started with Yemeksepeti the first online food ordering company in Turkey, providing the facility to place food orders on-line from an affiliated network of restaurants without charging the user any extra fees. Aydın founded the company with Melih Odemis (Chief Technology Officer), Cem Nufusi (Sales Director) and Gokhan Akan (Chief Financial Officer), and has been the Chief Executive Officer of the company since then.

When Aydın and the team started the business in 2001, internet penetration was very low in Turkey. Yemeksepeti did not make any profit for the first 5 years, but with a strong focus on customer experience and the convenience of the business model, they managed to convince the users and the restaurants to benefit from the huge potential of internet.

In accordance with the vision of Aydın, Yemeksepeti has continuously integrated newest technologies and adopted global standards for customer experience. The company started to invest in mobile infrastructures in 2010 and activated Online Credit Card feature in 2013.[4] Food culture platform yemek.com was aired by the company in the following year, with the goal of “becoming the most comprehensive internet channel about food in Turkey”.

In 2016, Yemeksepeti operates in 64 cities in Turkey and in Cyprus with more than 1,000 member restaurants, 5.2 million users, and 150,000 orders to 400.000 people on a daily basis. The annual growth rate of the company is still being maintained over 50% in the 15th year of the company. Acclaimed corporate culture of the company, based on transparency, communication and creativity supports this growth and steady improvements.

Investments received by Yemeksepeti

Yemeksepeti had its first round of investment and agreed to be partners with European Founders Fund, in 2008.[5] In 2012, Yemeksepeti announced a $44 million investment led by global growth investor General Atlantic (GA), which acquired a minority stake in the company, and represented GA’s first investment in Turkey.[6]

Foreign operations

Yemeksepeti entered the GCC region by launching out Foodonclick.com in The United Arab Emirates in 2009, starting in Dubai then extending to Abu Dhabi and Sharjah in the same year. Before the acquisition by Delivery Hero in 2015, Yemeksepeti was active in 10 countries including United Arab Emirates, Saudi Arabia, Lebanon, Oman, Qatar, Jordan, Greece, Bulgaria and Romania.

Exit and profit share

In May 2015 Yemeksepeti was sold to the German-based Delivery Hero for $589 million (£378 m). It was yet the biggest internet acquisition of the Region. Founder Aydin paid out $27 million to 114 workers as a profit-sharing bonus. The bonus decision received international coverage by prominent news channels such as Time, CNN, Independent, with the Aydın’s quotation of, “Yemeksepeti’s success story did not happen overnight. I believe in team work and I believe success is much more enjoyable and glorious when shared with the rest of the team”.[7][8]

Investing

Nevzat Aydın invested in 17 start-ups and the total amount of his investments reached to 5 million dollars in 2016. The companies he invested in are, I am not Basic , Trawell, Street Bees , Pembe Panjur , Lidyana.com , Buldumbuldum.com , Supplementer.com , Modacruz.com , Burda Bebek , Justmop.com , Botego, Uplifers , Mobil Oto Servis , Pilates Akademi , Connected2me , Garajyeri and Temizlik Yolda .

His area of focus includes internet services, mobile and online marketplaces. Nevertheless, he invests in various sectors and business models, which uses technology as a triggering factor. His primary criteria while investing are if the entrepreneur has a passion for their job, if the business model is scalable and if the competitive environment is predictable.

Public Intellectual Work

Honors and Awards

References

  1. ↑ "Yemeksepeti Linkedin Company Page".
  2. ↑ "Five Turkish firms to attend Obama's entrepreneurship summit". Hurriyet daily news. 2010-02-03. Retrieved 2016-10-26.
  3. ↑ http://www.advertiseinturkey.com/40-under-40/
  4. ↑ https://www.microsoft.com/quz-pe/store/p/yemeksepeti-online-yemek-siparisi/9nblggh4n12t/
  5. ↑ http://www.youngturkvc.com/investments.html/
  6. ↑ http://www.generalatlantic.com/media/archive/yemeksepeticom-partners-with-global-growth-investor-general-atlantic/
  7. ↑ Matthew, Sam (29 July 2015). "Is this the most generous boss in the world? Chief of Turkish food delivery company gives his 114 employees share of £17m windfall when he sold the firm". The Daily Mail. Retrieved 29 July 2015.
  8. ↑ "CEO shares $27 million with staff after selling his firm". CNN.com. CNN. Retrieved 29 July 2015.
  9. ↑ "Ana Sayfa – Endeavor Türkiye". Retrieved 26 October 2016.
  10. ↑ "TÜSİAD". Tusiad.org.tr. Retrieved 2016-10-26.
  11. ↑ "Galata Business Angels". Galata Business Angels. Retrieved 2016-10-26.
  12. ↑ "Trabzonspor". Trabzonspor. Retrieved 2016-10-26.
  13. ↑ http://endeavor.org.tr/girisimcilerimiz/yemeksepeti-com/
  14. ↑ http://www.girisimhaber.com/post/2011/04/27/Ekonomist-Yilin-Erkek-Girisimcisini-Secti.aspx/
  15. ↑ http://gr.gew.co/germany/german-startup-beats-dragons/
  16. ↑ http://odul.webrazzi.com/2012/
  17. ↑ http://dld-conference.com/users/nevzat-aydin/
  18. ↑ http://docplayer.net/18778392-Program-2012-milken-institute-global-conference-program-www-milkeninstitute-org.html/
  19. ↑ http://thenextweb.com/voice/2013/03/26/here-are-all-the-winners-of-the-next-webs-startup-awards-europe-2013/
  20. ↑ http://odul.webrazzi.com/2013/
  21. ↑ http://m.capital.com.tr/etkinlikler/etkinlikler/girisimcilere-ozel-davet-haberdetay-10049/
  22. ↑ https://noah-conference.relayto.com/marco-bombach/LXa5QReR/
  23. ↑ http://www.fortuneturkey.com/fotograf/nevzat-aydin-1224/
  24. ↑ http://www.superbrandsturkey.com/results.htm/
  25. ↑ http://odul.webrazzi.com/2014/
  26. ↑ http://www.itnetwork.com.tr/lenovo-ile-her-sey-seninle-baslar/
  27. ↑ http://www.fortuneturkey.com/listeler/40-yas-alti-40-2015/
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