The Abraaj Group Buys a 25 Percent Stake in Turkey-based Online Retailer Hepsiburada (CEE and CIS)

Source: The Abraaj Group, Financial Times | Author(s): Joseph Cotterill, Daniel Dombey

Global growth markets investor The Abraaj Group has acquired a 25 percent stake in Turkey-based online retailer Hepsiburada for a reported US$100 million. Hepsiburada intends to use the fresh capital to expand its e-commerce operations in Turkey, relocate to a new fulfillment center, improve its IT infrastructure and strengthen its mobile platform.