Turkey's first decacorn with a valuation of over 10 billion dollars, the technology company Trendyol is opening up to Azerbaijan. Signed a partnership agreement for the Azerbaijan market with Pasha Holding, one of the largest holdings in Azerbaijan. Industry and Technology Minister Mustafa Varank said, “Currently, Trendyol is one of the most used brands in Azerbaijan, but now it will continue as the brand of Azerbaijan.” said.
THEY WILL FOUND A COMPANY
Trendyol Group President Çağlayan Çetin and Pasha Holding CEO Celal Gasimov signed the agreement at the ceremony held in the presence of Minister Varank at TEKNOFEST, the world's largest aviation, space and technology festival. With the agreement, Trendyol and Pasha Holding will establish a company that will carry out joint e-commerce activities in Azerbaijan.
THEY WILL CARRY THE MOVEMENT ABROAD
Speaking at the signing ceremony, Minister Varank noted that Turkish brands want to carry the momentum they have achieved in Turkey in e-commerce abroad, and reminded that he attended the opening of Trendyol's Berlin office before. Stating that they will start to see Trendyol in Azerbaijan with the signed signatures, Minister Varank said, “Currently, Trendyol is one of the most used brands in Azerbaijan, but now it will continue on its way as the brand of Azerbaijan.” said.
WE NEED TO MISS
Noting that the trade volume between the two countries will increase further in the coming period, Varank said, “There is great competition in the world. We need to miss this competition. Hopefully, we will introduce a brand of Turkey, the joint brand of Azerbaijan and Turkey, to the world from a different perspective, in cooperation with Azerbaijan," he said.
WILL MAKE A POSITIVE IMPACT
Speaking at the signing ceremony, Trendyol Group President Çetin said, “The synergy created by PASHA Holding's experience in the Azerbaijan market and Trendyol's technology, logistics and production competencies will make significant contributions to the development of the Azerbaijan e-commerce ecosystem. In this sense, we wholeheartedly believe in the success of the strategic partnership to be established and the positive impact it will have on the brotherly country of Azerbaijan.”
WE WILL STRENGTHEN OUR EXISTENCE
PASHA Holding CEO Celal Gasimov said, “Consumers in Azerbaijan have been demanding Trendyol to operate in our country for a while. With the partnership agreement we signed, we took an important step to strengthen our presence in the digital retail ecosystem. We are excited to ensure the transfer of know-how in e-commerce between the two brotherly countries with the agreement.”