- Modanisa wins foreign, financial investor to pursue growth and expansion course
- STC Ventures closes landmark deal and strengthens position of Modanisa
- IEG-Global acted as financial advisor to Modanisa
In a structured financing process, Modanisa Elektronik Mağazacılık ve Tic. A.Ş (Modanisa.com), the largest special-interest e-commerce company for Muslim fashion, has secured a Series B funding round, by means of capital increase. This allows the company to fund future growth of the business. STC Ventures, the venture investment arm of Saudi Telecom Group, led this equity investment of US$ 5.5m. This investment is STC's first one in Turkey. Existing investor Aslanoba Xwyfwcb gnwaroxqxbl ga ugti loimtxhhm zasbw aq qolu.
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