The diversified e-commerce platform was valued at $16.5bn in a round co-led by SoftBank Vision Fund 2, following $350m from Alibaba in March.

Telecommunications and internet group SoftBank’s Vision Fund 2 co-led a $1.5bn funding round for Turkey-headquartered e-commerce marketplace Trendyol yesterday at a valuation of $16.5bn.

The round was co-led with growth equity firm General Atlantic, investment firm Princeville Capital and sovereign wealth funds ADQ and Qatar Investment Authority. Citi was financial adviser and placement agent on the deal.

Trendyol operates a diversified online retail platform which incorporates on-demand grocery delivery and a peer-to-peer e-commerce marketplace. It has also built its own…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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