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UAE sovereign wealth fund ADQ, Qatar Investment Authority (QIA), General Atlantic, SoftBank Vision Fund 2, Princeville Capital, have...

Trendyol backed by China’s Alibaba is Turkey’s largest e-commerce firm

Trendyol Seeks Over $1 Billion to Become Largest Turkish Startup Bloomberg 2 hrs ago Ercan Ersoy and Myriam Balezou (Bloomberg) -- Turkish e-commerce firm Trendyol, which is backed by Chinese online giant Alibaba Group Holding Ltd., is seeking to raise more than $1 billion in a deal that could make it the country’s largest startup, people familiar with the matter said. Popular Searches Trendyol is aiming for a valuation of at least $15 billion in the new round, the people said, asking not to be identified because the information is private. The fundraising is aimed at inve...

Emerging as an Eastern powerhouse, Earlybird Digital East Fund launches new $242M fund Earlybird Digital East Fund — a fund associated with Germany’s Earlybird VC, but operating separately — has launched a €200 million ($242 million) successor fund. The fund’s focus will remain the same as before: a seed and Series-A fund focusing on what’s known as “Emerging Europe”; in other words, countries stretching from the Baltics to Central and Eastern Europe, and Turkey. The firm has also promoted Mehmet Atici, who’s been with the firm for eight years, to partner. The new fund has m...