ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

SoftBank investment in Trendyol creates Turkey's first decacorn

Alibaba-owned e-commerce platform reaches $16.5bn valuation in latest funding round

Trendyol, Turkey's largest e-commerce company, operates delivery service Trendyol Express. (Photo courtesy of Trendyol) 

ISTANBUL -- Turkey's largest e-commerce company, Trendyol, said on Monday it has agreed to raise $1.5 billion in fresh funding from global institutional investors, including the SoftBank Vision Fund 2 and General Atlantic, driving up the Alibaba Group unit's valuation to $16.5 billion.

In a statement Trendyol said that the funding makes the online marketplace operator Turkey's first decacorn -- an unlisted company valued at more than $10 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more