Did BiSU go bankrupt?
Founded in 2015, the BiSU initiative had developed a system that allows ordering carboy water in a virtual environment. The fast-growing startup during the pandemic period also established a market delivery system called Bi’Market in 4 provinces, especially in Istanbul.
However, since the beginning of the year, unpaid dealership fees and progress payments started to create a question mark in the minds. According to the information received, the company, which could not provide the necessary funds, declared a concordat in order to pay its debts.
When a control board is appointed to the company, the balance sheets must be corrected within 3 months. The company stopped its Bi’Market operations in Istanbul. The water order marketplace operations in 60 cities will continue. The company stated that it is working to fulfill its obligations quickly.