So, which company will get investment after that?
Actually we made some guess as to what the answer would be according to the hearsay we received a few months ago, but were careful to share it with you as it was not for certain. But as our resources have confirmed that negotiations are coming to final rounds, we wanted to share the news first with you, as usual.
If nothing goes wrong, Intel Capital’s second investment will be to Grupanya, one of the leaders of group shopping market in Turkey.
Grupanya Valued at $40 million
As we have heard, the company has been valued at the level of 40 million dollars, and with this investment, it will be included in Intel Capital’s partners as minority shareholder.
I want to especially highlight that, Intel Capital’s investment to Grupanya has yet to be confirmed and no contracts have been signed yet. However we know that negotiations have been continuing for a while, and the company has come to a certain point of agreement with Grupanya, as our important contacts have shared with us.
Foreign investors’s interest in Turkey Internet market will increase
We are not sure when the contract will be signed and it will be announced, but what we are sure of is that, foreign investors will be following Turkey very closely with the investment Intel Capital has made and will make in Turkey Internet market.
We are waiting for the confirm of the issue, however will be sharing any developments with you, if any occurs.