Trendyol became Turkey’s first startup with a valuation greater than $10B after their most recent funding round. The eCommerce platform raised $1.5B at a 16.5B valuation in a round co-led by General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funding, ADQ, and Qatar Investment Authority. Trendyol is Turkey’s largest eCommerce company and presently serves more than 30M shoppers and delivers more than 1M packages per day.
Source: Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation
