The EBRD intends to increase its stake in oBilet, the leading SaaS-enabled digital marketplace focusing on intercity bus transportation in Turkey. The oBilet app, available on mobile and desktop devices, offers bus travel options, convenient digital booking of bus rides and seat reservation, and allows users to manage their journeys online. It also provides software for bus operators to manage their bus inventory and helps them sell tickets through the platform.
The EBRD is exercising its right of first refusal on a pro-rata basis as part of the secondary sale of the existing shareholder's stake.
ETI score: 80
The VCIP II Facility is expected to contribute to the Competitive and Resilient transition qualities as it will support the development of recently established highly innovative technology-based companies, as well as promote better access to venture capital which is still nascent in the EBRD regions.
OBILET BILISIM SISTEMLERI AS
Under VCIP, additionality stems from the Bank's ability to bring extensive regional private equity experience and experience of the region, networks and relationships to support the VCIP Qualified Co-Investors in their investments in investee companies.
Technical Cooperation and Grant Financing
Company Contact Information
PSD last updated
13 Feb 2020
Further information regarding the EBRD’s approach to measuring transition impact is available here.
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