According to the information released by Modanisa, which has more than 100 thousand products, the company received an investment of 20 million dollars in the bridge investment tour. The investment round was led by Re-Pie Portfolio. Goldman Sachs, IPY and EBRD also participated in the tour. Sami Güzel, CEO of Modanisa, stated that their target is to increase their turnover to the level of 1 billion dollars in a few years.
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With the investment it has received, Modanisa will establish warehouses in Poland for the European markets and in Egypt for the North African market, and will also launch its e-wallet service in the future. The company also plans to expand into non-textile categories. In 2023, it will also launch the marketplace model in the Malaysian and Indonesian regions.
Re-Pie Portfolio Deputy Chairman Mehmet Ali Ergin, stating that Modanisa is a source of pride for Turkey, said, "We are happy that they have given investors access to Modanisa and added another unicorn candidate to their portfolio."
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