Turkish Local Online Shopping Trendyol Raised 165.5 Billion Yen from Softbank and Others

​​​​​​​EC Weekly Picks トルコ国旗

On August 5, it was reported that the Turkish local online store "Trendyol" raised 1.5 billion dollars (about 165.5 billion yen) from Softbank Group, a major Japanese telecommunications company, and others in the latest raising round. With the financing, Trendyol's corporate value has reached a valuation of 16.5 billion dollars (about 1.8 trillion yen), and it is said that it will be Turkey's first decacom company. In addition, the company has already raised 350 million dollars (about 37.9 billion yen) from China's major online shopping "Alibaba" in April 2021, and rapid growth in the Middle East market has been attracting attention in recent years.

Sources: Asia Nikkei "SoftBank investment in Trendyol creates Turkey's first decacorn" (August 9, 2021)

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