Operating with more than 30 water brands and based on the need to purchase water through a single application, independent of the clock, BiSU is today, following a $100 million investment round last month. declared a concordat explained.

BiSU’s statement, which filed for bankruptcy to avoid bankruptcy due to the debts it could not pay, stated that, along with the concordat decision,The fast market service, which only serves Istanbul, is also temporarily suspended. expressed.

It is stated that the company will continue to work with the ‘marketplace’ model;

According to the news in egirişim, although the concordat process has begun, BiSU will continue its work without slowing down.

The full text of the company’s statement is as follows;

”Recent developments in the Turkish and global economy have had a major impact on the e-commerce sector in which we operate, as in many other sectors.

These effects have led to various uncertainties in BiSU’s investment processes and some of our activities have become mandatory.

In this context, we have decided to temporarily discontinue our market service, which we only provide in Istanbul with the fast delivery model, as of April 29, 2023.

In addition, we have initiated the concordat process to support effective cost control and strengthen the balance sheet structure within our company.

Our main goal in doing so is to ensure that our company is in full compliance with its obligations to all its stakeholders and that BiSU moves through this process created by difficult economic conditions in the soundest way possible.

In this process, we would like to express that we will continue our business in the water order marketplace, which is a very important part of BiSU’s growth story. Our biggest goal and motivation in the coming period will be to further expand our marketplace for water orders, which we are doing today with our various brands and dealers in 60 cities.

We present it for information.”

There is said to be criticism from dealers and users;

These statements received mixed reactions on social media. Employees and dealers do not receive their salary and advance payments, serious debtsWhile expressing themselves, some users also report that they are having trouble reaching customer service and using the application.