Photo - Octovan
55268

Octovan

Turkey
Market: Logistics and warehouses
Stage of the project: Idea or something is already done

Date of last change: 09.12.2021
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Idea

Octovan is a marketplace that provides same-day delivery to companies as marketplaces and e-commerces (especially Trendyol, Arcelik, Doğtaş, etc.) which are in a 1 Billion dollars market.

Current Status

Our figures in the B2B area, which we started on September 23, started with an average of 20 shipments in October, while in December this figure reached the average of 120 daily product delivery rates. We continue to grow to be the 2nd company in this sector with a 6x growth rate in just 3 months.

Problem or Opportunity

With the increase in e-commerce and marketplace models, logistics problems began to occur for products with more than 30 decimeters in the current market. The main problems encountered are; The shipping teams do not take the products to the floor or ask for an additional fee, the products are delivered within an average of 8 days, the product is not delivered because the customer is not called by phone, the product is sent back to the warehouse by noting that the product was not delivered to the address. These current issues prevent/reduce suppliers from making money.

Solution (product or service)

With Octovan Express, the deliveries of 30 desi products are made on the same day with the confirmation of the customer's information that they are at the address and with the guarantee of free landing. Octovan can deliver orders with an average delivery time of 7 hours, thanks to its smart route optimization software, which can find the most suitable vehicle out of 1,200 vehicles and choose the fastest route so that the products can be delivered on the same day.

Business model

Octovan is a platform that works on a commission income model over all transportation services in both B2B and B2C areas.

B2B
Octovan provides transportation services within the scope of 48-hour delivery guarantee with route and load optimization of orders over 30 decile (not carried by cargo companies) of supplier companies in e-commerce and marketplaces.

B2C
Octovan serves as an insured transportation platform with the fastest, most reliable, and most affordable prices, with the transportation companies within the scope of the determined standards, in the city and intercity transportation.

Incubation/Acceleration programs accomplishment

Workup by Isbank
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