Abraaj Group completed the acquisition of a minority stake in Hepsiburada from Dogan for $100m.

Abraaj Group, a global institution investing in growth markets, completed the acquisition of a minority stake in Hepsiburada, an e-commerce store offering a wide range of products such as electronics, apparel, stationery, home decor, and groceries, from Dogan, a diversified holding company, for $100m. “Our investment in Hepsiburada represents a landmark transaction for Abraaj in the online retail space and marks our ninth investment in Turkey since 2007. Our strong credentials in Turkey are underpinned by proven partnerships, outstanding exits and a robust commitment to value creation, which we will continue to demonstrate using our significant regional and investment expertise to transition Hepsiburada into the next phase of its growth trajectory," Arif Naqvi, Abraaj Group Founder and Group Chief Executive.