At the end of last year, the Hepsiburada platform, acquired by Kazakhstan’s e-commerce company Kaspi for $1.1 billion, underwent a new capital increase. Kaspi, which completed the acquisition process in the first quarter of this year, injected an additional 4.17 billion TL into the company. This amount, equivalent to approximately $110 million, was approved at a meeting held on November 17 and is considered one of the largest capital increases in Turkey in recent years.
Company management stated that the newly obtained funds will be used to support Hepsiburada’s growth plans, as well as to develop digital tools and services for small and medium-sized businesses and retail sellers on the platform.
Mixail Lomtadze, founder of Kaspi.kz and Chairman of Hepsiburada, emphasized that this step reflects long-term confidence in both the Turkish market and the company. According to him, the main goal is to enhance the competitiveness of local businesses. The company plans to support platform sellers by providing access to the latest technological solutions, fintech, and cashless payment systems, helping them expand their operations.
