8/11/2011

Venture capital firm KPCB invests in Turkish internet start-up

Vatan - Turkish private shopping company Trendyol.com has raised an investment of USD 26 million from venture capital firm Kleiner Perkins Caufield&Byers (KPCB) and existing investor, Tiger Global. The announcement from the company stated that 12 percent of stakes changed hands, increasing the share of foreign investors in Trendyol.com to 50 percent. KPCB’s USD 250 million sFund (Social Fund) initiative is known for its investments in internet start-ups and entrepreneurs working on new ways to socialize the web. KPCB’s sFund is partnered by Google, Facebook, Amazon, Twitter and Zynga.

Founded in March 2010, the private shopping site Trendyol sells fashion products to its 4 million and increasing members.
Turkey; ict sector; e-commerce; private shopping; trendyol; fashion retailer; turkish private shopping