• Naspers values Turkish ecommerce giant markafoni at $200 million, buys 70% stake

    Multimedia juggernaut Naspers has entered the Turkish internet market with a bang by acquiring approximately 70 percent of the shares of markafoni, a Turkish private shopping club, through its subsidiary MIH-Allegro. Our source in Turkey says the investment values markafoni at around $200 million. Markafoni is the third biggest ecommerce company in Turkey, and has ambitions to become a… Read More

  • Turkish private shopping club Markafoni raises £4.7 million

    [Turkey] Markafoni, the Turkish private shopping club, has raised £4.7 million (11 million Turkish Lira) from Trayas, an investment group whose partners include leading European investors Klaus Hommels and Oliver Jung. Trayas seems to be focusing on investing in private shopping clubs, having already closed deals in Brazil, Switzerland and India. Of note, Hommels has previously invested… Read More