LojiPark - Digital Logistics Terminal
Digitalizes fully manual operation of B2B shipment operation of individual truckers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 Valuation: €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | N/A | Seed |
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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LojiPark is a technology company operating as a digital marketplace for the logistics industry in Turkey. Founded in 2021 by Ibrahim Ercankal, Şaban Albayrak, and Mustafa Özen, the company is headquartered in Istanbul at Teknopark Istanbul. The founding team combines extensive experience, with Albayrak bringing his background as a retired truck driver to manage relations with vehicle owners, and Özen serving as CTO with a history in software development and IT management for major corporations.
The firm addresses the largely manual and relationship-based spot freight market in Turkey, a sector comprising approximately 870,000 individual truckers and 450,000 daily domestic shipments. LojiPark's platform, available as a mobile application and web portal, connects cargo owners directly with individual truckers and logistics companies. This digitalization aims to reduce the time truckers spend searching for loads and allows shippers to find suitable vehicles more efficiently, tackling issues like empty return trips which can cause a 50% loss of earnings for drivers. The platform includes features such as GPS tracking and aims to incorporate artificial intelligence.
LojiPark's business model is distinct from competitors as it does not operate as a logistics firm or commission agent itself but as a pure technology marketplace. Revenue is generated through a per-shipment service fee charged to both truckers and load owners. The company has stated plans to introduce a subscription model in the future and explore additional revenue streams through advertising agreements with sector partners like fuel and tire companies. LojiPark received seed funding in October 2021 and participated in the Startup Wise Guys accelerator program.
Keywords: digital freight marketplace, trucking services, logistics technology, freight matching, spot freight market, Turkey logistics, mobile logistics application, load board, cargo transportation, road freight, supply chain technology, trucker app, shipping platform, B2B logistics, Ibrahim Ercankal, Şaban Albayrak, Mustafa Özen, Teknopark Istanbul, Startup Wise Guys, freight digitalization, return loads