ikas Revolutionizes E-Commerce with $20M Series A Funding

Istanbul-based e-commerce platform ikas secures a game-changing $20 million Series A investment, propelling its mission to empower SMEs and entrepreneurs worldwide. ikas, a trailblazer in e-commerce infrastructure, enables businesses to effortlessly launch online stores and tap into global markets without technical expertise. Surpassing $10 million in ARR within 16 months, ikas sets its sights on a $100 million milestone. With a strategic focus on enhancing Turkish SMEs' competitiveness on the global stage, ikas aims to lead the European market by 2030. World Bank's IFC and Re-Pie Portföy spearhead this groundbreaking investment, marking a significant milestone in Türkiye's startup ecosystem. ikas' visionary approach aligns seamlessly with IFC's commitment to fostering export-oriented enterprises and digital innovation. Driven by a young and dynamic team, ikas embarks on a transformative journey to redefine e-commerce norms and elevate Turkish businesses to international prominence.