Trendyol Plans to Raise $1 Billion to Fuel Its Growth

According to information from sources familiar with the matter, Turkish e-commerce company Trendyol is considering raising around $1 billion to aid its growth. Individuals who wished to remain anonymous indicated that Trendyol is informally attracting interest from potential investors in a funding round that could begin in the upcoming quarter. The sources noted that discussions are only at an early stage and may not result in a transaction.

In 2021, Trendyol raised $1.5 billion from investors led by SoftBank Group Corp. and General Atlantic, achieving a valuation of $16.5 billion. Middle Eastern sovereign wealth funds and Princeville Capital also participated in that round.