Bakkal Corporation announced a seed round investment of $3 million from new and existing investors. The company is a B2B2C marketplace and last-mile delivery platform for ethnic goods founded in 2021. The company aims to reshape local corner stores by providing them with strategic business tools and services.
Bakkal – Your favorite ethnic groceries delivered to your door
Founder & CEO Murat Karslıoğlu made the following statements on the subject:
“We believe small grocery stores are a key part of our community and culture. Consumers from diverse ethnic backgrounds have access to healthy and affordable food through these organizations. Ethnic grocery options deserve more than a tiny corner of the grocery store.
We are digitizing the ethnic grocery supplychain and making it easier for small local stores to source inventory. By helping high quality and international brands stock their products reliably at stores, we increase affordable food options.”
Bakkal’s new round increased the valuation of the company to $20M. Bakkal launched its services in Los Angeles in late 2021 and expanded to Bay Area, California, in early 2022. New resources will help Bakkal to fund technology development, grow its engineering team and expand marketing activities. Bakkal app is available on both Apple App Store and Google Play Store.