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Amazon acquires minority stake in Ciceksepeti

Wednesday 21 December 2011 11:59 CET | News

Online retailer Amazon has purchased a minority stake in Turkish e-commerce startup company Ciceksepeti. The financial terms of the acquisition have not been disclosed yet.

Online vendor Ciceksepeti provides flowers, jewelry, gourmet products, toys and other gifts to customers across the country. In related news, the company has also received a minority investment from Belgium-based investor Hummingbird Ventures.

In September 2011, Amazon has launched an online store in Spain, Amazon.es, which currently only sells physical goods, including books, music, DVDs and electronics, but will expand its digital offerings by the end of 2011.
 


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Keywords: Amazon, Ciceksepeti, e-commerce
Categories: Payments & Commerce
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Countries: World
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Payments & Commerce






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