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Kaspi.kz acquires majority share of Hepsiburada for $1.1B

Kazakhstan fintech Kaspi.kz has announced it is acquiring the majority share of Hepsiburada for a sale price of $1.1 billion. Hepsiburada is a leading e-commerce platform based in Türkiye, founded in 2000 by Hanzade Doğan. It operates as a hybrid model, combining first-party direct sales with a third-party marketplace, offering over 264 million stock-keeping units across more than 30 product categories. The company serves approximately 12 million active customers and partners with around 101,500...

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