Alibaba-Backed Trendyol Is Said to Consider $1 Billion Fundraise
- Turkish e-commerce firm plans to use money to fuel expansion
- Funding round could take place as soon as first quarter 2025
Trendyol was founded by Demet Mutlu in 2010 and has grown into Turkey’s biggest e-commerce platform.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Turkish e-commerce company Trendyol is considering raising about $1 billion to help its growth, people familiar with the situation said.
Trendyol is informally sounding out interest from potential investors in a funding round that could kick off as soon as next quarter, according to the people, who asked not to be identified discussing a private matter.