Trendyol_group
Trendyol
E-commerce company in Turkey
Trendyol is an e-commerce platform based in Turkey, with its headquarters in Istanbul. Trendyol operates in Trendyol group structure.[2] Founded in 2010[3] by Demet Mutlu and in 2018 The Chinese company Alibaba Group was the largest shareholder of the company with 86.5%.[4] Trendyol is a private company, specialising in the fashion and retail sector in e-commerce area.
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In August 2021, Trendyol entered into agreements to raise $1.5 billion from a number of investors, valuing the company at $16.5 billion. With the new funding, Trendyol became Turkey’s first decacorn (a start-up with a valuation of over $10 billion).[5] The round was co-led by General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qatar Investment Authority.[6]
On 12 July 2023, Trendyol took over sponsorship of the Süper Lig and the TFF First League from Spor Toto by paying ₺700.000.000.[7]