Turkey is the emerging e-commerce hotspot and iLab is at the center of it…
It is well known that Turkey is considered as the next developing hotspot for technology start-ups. It becomes a little more clear if you take a look at emerging e-commerce market based on virtual POS transaction data; the sector is exploding as it reached $10.6 billion in the first six months of 2011, compared to $16.3 billion for all of 2010. While these numbers are inflated as they...
Read MoreAnother Chapter Begins for GittiGidiyor
Back in 2006, when we first invested in GittiGidiyor, Internet penetration in Turkey was around half of what it is today. Similarly ecommerce transactions did not constitute a meaningful portion of overall retail in Turkey. At around the same time, we made our second investment in Kariyer.net, becoming sole owners of that asset. ...
Read MoreeBay Agrees to Acquire Shares in Turkey’s GittiGidiyor
Deal completes acquisition after eBay bought stake in 2007....
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