Turkey’s Trendyol Valuation Set to Hit $16.5 Billion
- General Atlantic among firms leading $1.5 billion investment
- Company will be Turkey’s largest startup after fundraising
The Trendyol e-commerce website.
Source: Trendyol
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Trendyol, an e-commerce company backed by Alibaba Group Holding Ltd., is close to raising fresh funding at a $16.5 billion valuation, making it Turkey’s biggest startup, people with knowledge of the matter said.