ANKARA: The Abraaj Group, a leading investor operating in global growth markets, announced the acquisition of a minority stake in Hepsiburada.com, a market leader in Turkey’s online retail sector.
The investment will be used by Hepsiburada to accelerate the rapid expansion of its market leading e-commerce operations in Turkey, including a custom-built, state-of-the-art fulfillment center, the company said in a written statement yesterday.
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Our investment in Hepsiburada represents a landmark transaction for Abraaj in the online retail space and marks our ninth investment in Turkey since 2007. Our strong credentials in Turkey are underpinned by proven partnerships, outstanding exits and a robust commitment to value creation, which we will continue to demonstrate using our significant regional and investment expertise to transition.
Hepsiburada into the next phase of its growth trajectory,” said Arif Naqvi, founder and group chief executive of the Abraaj Group.
