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Armut
Turkish products online marketplace for local services
About Armut
Armut Teknoloji A.Ş., operating as Armut.com, is a Turkish online marketplace for local services, founded in November 2011 by Başak Tanpınar Değim and Erol Değim. The idea for the company was born from Başak's personal frustration in finding reliable service professionals. Her professional background includes roles at notable companies like Coca-Cola, Revlon, and Nielsen, while Erol's experience includes time at UBS and the Boston Consulting Group. This blend of marketing and strategic experience helped shape Armut's foundation.
The company functions as a multi-sided platform connecting individuals and businesses with service professionals across more than 4,000 categories, with a strong focus on home improvement, cleaning, moving, and repairs. For consumers, the platform simplifies the process of finding and hiring vetted professionals by allowing them to post a job, receive multiple quotes, compare provider profiles, and read verified customer reviews. For service providers, who are often freelancers or small businesses, Armut serves as a channel for finding customers and growing their operations. The platform's user base has grown to include over 700,000 service professionals.
Armut's business model is twofold. The primary model is a pay-per-lead system, where service professionals are charged a fee to send a quote to a potential customer and pay a commission upon being hired for the job. The platform also utilizes a 'Book-Now' model for standardized, fixed-price services like home cleaning, where customers can book and pay for a service directly for a specific date and time. In September 2022, Armut merged with its Italian counterpart, ProntoPro, and raised €15 million to solidify its market presence in Europe, the Middle East, and Africa. Following the merger, the combined entity operates in 14 countries under three brands, including Armut and its international brand, HomeRun.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2011
- Headquarters
- Istanbul, Türkiye
- Employees
- 311
- Open positions
- 3
- Dealroom signal
- 86.2/100
- Industry
- Home Living
- Sector
- eCommerce & Marketplaces, Peer-to-Peer, Home Improvement, Real Estate Services, horizontal marketplaces
- Business model
- Marketplace & ecommerce
- Client focus
- b2c
- Investment activity
- 1 company, latest Sep 2022
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Sep 2022 | $15M | $60M | Undisclosed | ↗ |
| ACQUISITION✓Exit | Sep 2022 | $0 | — | ProntoPro | ↗ |
Growth signals
Latest recorded traffic for Armut is 4.2M monthly website visits, up 13.5% over the last three months. Armut's team grew 54% over the past year.
Open positions
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
Hummingbird Ventures
AddVenture- IBIlke Bigan
Other known investors2 additional known investors
ProntoPro
Big Bang Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Armut on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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