Trendyol raises 1.3 billion euros

Trendyol, the biggest ecommerce platform of Turkey, has raised 1.5 billion dollar (1.28 billion euros). With this fresh funding, the ecommerce company is now being valued at over 14 billion euros, making it Turkey's first 'decacorn'.

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Getir acquires Blok, expands to Spain and Italy

Turkish grocery delivery startup Getir has acquired Blok, a similar rapid delivery service from Spain. The acquisition gives Getir immediate access to Spain and Italy, where Blok was available most in Madrid, Barcelona and Milan. Prior to the acquisition, Blok was preparing to launch in Portugal, so this country is on Getir's roadmap too now.

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Alibaba raises stake in Trendyol

Alibaba is raising its stake in Trendyol to 86.5 percent. The major ecommerce platform from Turkey received an additional 330 million dollars (273 million euros) investment from Alibaba, which was already one of its existing partners.

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Prisync raises €1 million

Prisync, an ecommerce pricing platform from Turkey, has raised 1.1 million dollars (985.700 euros) in a seed round that was led by Istanbul-based venture capital investment company Collective Spark. With the money, Prisync wants to further develop its product and grow the customer base.

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DHL to focus more on ecommerce in Turkey

DHL has plans to concentrate more on ecommerce in Turkey. The German logistics player considers Turkey as an important regional hub which could fuel growth in the Middle Eastern and European markets. DHL is setting up an operations center at Istanbul Airport as first step of this plan.

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