BTM Board Member Yavuz Altun invested ₺2.7 million in the initiative called Bosforas, based on a valuation of ₺22.5 million. The company plans to increase its presence and awareness in the global arena with the income it receives from this investment.
Another investment news came from the Information Commercialization Center (BTM), which was established by the Istanbul Chamber of Commerce (ITO) to support entrepreneurship, and a significant part of its management is determined by the ITO Council Members.
This time, the person who invested was İTO Retail Committee Chairman and Council Member Yavuz Altun. Altun invested ₺2.7 million in Bosforas, one of BTM’s ventures, at a valuation of ₺22.5 million.
Bosforas is a B2B e-commerce platform serving in Turkiye and various countries in order to facilitate and develop B2B trade with its logistics and technology-supported solutions.
The startup enables manufacturers, distributors and wholesalers to deliver their products to larger audiences and geographical areas with digital marketing and new generation communication tools. With the customized logistics and financial solutions offered, it is possible for SMEs to access wholesale products and services from a single point. Bosforas plans to increase its presence and awareness in the global arena with the income it receives from this investment.
Valuation of more than ₺1 billion in the first 8 months
With this investment, the amount of investment valuation made in BTM startups this year reached ₺1 billion 66 million 278 thousand. Since the establishment of BTM, investments have been made in BTM initiatives at a valuation of ₺5 billion 268 million 730 thousand.
Source: Egirisim / Prepared by Irem Yildiz