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News August 10, 2021

Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation

– Trendyol, an e-commerce platform based in Turkey, raised $1.5bn funding. – The round was led by General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority. – The company plans to continue investing in nationwide infrastructure, technology and logistics and toward accelerating digitalization of Turkish SMEs.