2024-10-20
“We are excited about the opportunity to join forces with Hepsiburada, one of the leading e-commerce companies in Turkiye. Expanding out addressable market to 100 million people has been an important strategic priority for https://kaspi.kz/.” - Mekheil Lomtadze, CEO
Tech.eu
Kazakhstan-based Kaspi.kz agrees to acquire a majority share, or 65.4%, of Turkish e-commerce platform Hepsiburada for ~$1.13B, expected to close in Q1 2025
Cate Lawrence / Tech.eu :
$KSPI signs a definitive agreement to acquire 65% of the total Class A and B shares of Hepsiburada Group, Turkey's leading e-commerce platform, often referred to as “The Amazon of the East,” for $1.1B in cash, subject to reg approvgals.
Tech.eu
Kazakhstan-based Kaspi.kz agrees to acquire a majority share, or 65.4%, of Turkish e-commerce platform Hepsiburada for ~$1.13B, expected to close in Q1 2025
Cate Lawrence / Tech.eu :
Founded in 2000, Hepsiburada grew by focusing on customer service, technology, logistics, and a broad assortment of products. Now, it is serving 12M customers and 101K merchants. FY23: - GMV was $4B - Revenue $1.2B (+33% in TRY terms, but inflation was 65% that year) - NI $2.6M
Tech.eu
Kazakhstan-based Kaspi.kz agrees to acquire a majority share, or 65.4%, of Turkish e-commerce platform Hepsiburada for ~$1.13B, expected to close in Q1 2025
Cate Lawrence / Tech.eu :