https://techcrunch.com/2024/04/10/turkey-ikas-20m-fundraise/

It’s easy to assume the e-commerce ship has sailed when you consider we have giant platforms like Shopify, Woocommerce, and Wix dominating the sector. But e-commerce’s field remains vast and fertile, since so many smaller businesses continue foraying into the Internet in the wake of the pandemic.

Further evidence of this has surfaced in the form of one of the largest fundraises by a startup in Turkey, given that the average Series A usually comes in at below $15M. E-commerce platform, ikas, has raised $20 million in a Series A funding round as it seeks to expand its operations into new markets in Europe. The company currently operates in Turkey and Germany, and says its platform simplifies store management for companies that want to have a digital presence.