Select deals in August:
🇹🇷 Trendyol, Turkish consumer-focused e-commerce platform, raised $1.5 billion in a round led by SoftBank and General Atlantic at $16.5 billion valuation, becoming the country’s first decacorn. Trendyol started as a marketplace and evolved to what has become a SuperApp with its own last-mile delivery service, digital wallet, food and grocery delivery, and more.
🇪🇪 Bolt, Estonian ride-hailing and micromobility platform, raised €600 million at €4 billion valuation. With the fresh funding, Bolt will accelerate growth in ride-hailing, micromobility, food delivery and 15-minute grocery delivery. Sequoia, a first time investor in Bolt, led the funding round, making Bolt it's 59th portfolio company competing in ride-hailing, food and grocery delivery.
🇧🇷 QuintoAndar, a Sao Paolo-based end-to-end marketplace for renting and buying residential properties, extended its Series E by $120 million at $5.1 billion valuation. The round led by Tencent and Greenoaks Capital Partners makes it the most valuable proptech marketplace in Latin America. The new funding comes just 3 months after QuintoAndar raised $300 million at $4 billion valuation. The company currently manages 120,000 rentals across 40 cities in Brazil, with Mexico next up in its expansion plans.
Other promising marketplace deals from around the globe in recent weeks:
🇺🇸 New York-based virtual clinic for fertility, pregnancy, and parenting Maven Clinic raised $110 million Series D to reach unicorn status.
🇮🇳 Rapido, Bengaluru-based bike taxi platform, secured $52 million in funding at $275 million valuation from investors including Westbridge Capital, Yamaha Motor Ventures, Shell Ventures and others.
🇨🇳 PatPat, Chinese baby cloches Direct-to-consumer brand, secured $160 million from SoftBank just a month after the company closed raised $510 million.
Read up on all the latest marketplaces deals in Dealroom.co (August)
Notable exits:
🇮🇳 Leading Indian automotive classifieds portal CarTrade stumbled on its debut in the public markets, ending the trading day at $780 million market capitalization, down from its $970 million private valuation from April this year.
🇬🇧 Dija, London-based 10 minute grocery delivery service, was acquired Gopuff to accelerate its European expansion in an increasingly crowded online grocery startup battleground.
Read up on all the latest marketplaces exits in Dealroom.co (August)
