ADQ,-Qatar Investment Authority invest in Turkey-based Trendyol's $1.5 billion funding round

Turkey-based Trendyol raises $1.5Bn achieving Decacorn Status 

ADQ & QIA Lead $1.5B Investment in Turkish E-Commerce Giant Trendyol

Turkey&#8217;s first decacorn: Trendyol raises $1.5B at a $16.5B valuation

Trendyol becomes Turkey’s first decacorn, raises $1.5 billion at a valuation of $16.5 billion

Trendyol, a Turkish e-commerce platform, has raised $1.5 billion in a funding round led by General Atlantic, SoftBank Vision Fund 2, Princeville Capital, and sovereign wealth funds ADQ (UAE) and Qatar Investment Authority. The deal values Trendyol at $16.5 billion, making it Turkey's first decacorn and one of the highest-valued private tech companies in Europe. The funding will be used for expansion within Turkey and globally, including investments in infrastructure, technology, logistics, and digitalization of Turkish SMEs.

Trendyol Raises $1.5 Billion in Funding Round Led by General Atlantic, SoftBank, and Sovereign Funds

Trendyol is an e-commerce platform based in Turkey, serving more than 30 million shoppers and delivering more than 1 million packages per day. It claims to have evolved from marketplace to “superapp” by combining its marketplace platform (which is powered by Trendyol Express, its own last-mile delivery solution) with instant grocery and food delivery through its own courier network (Trendyol Go), its digital wallet (Trendyol Pay), consumer-to-consumer channel (Dolap) and other services.

Trendyol is a Turkish e-commerce platform that has evolved into a “superapp” offering a range of services including marketplace, grocery delivery, digital wallet, and consumer-to-consumer channel.

4 years ago

Trendyol Raises $1.5 Billion in Funding Round Led by General Atlantic, SoftBank, and Sovereign Funds

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