About Modanisa
Modanisa is a company based in Istanbul (Turkey) founded in 2010.. Modanisa has raised $28 million across 7 funding rounds from investors including Goldman Sachs, Re-Pie and EBRD VCIP. Modanisa operates in a competitive market with competitors including Madmext, Butikgez and MyBUTTIK, among others.
- Headquarter Istanbul, Turkey
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28 M (USD)
in 7 rounds
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Latest Funding Round
$19.5 M (USD), Series C
Jul 06, 2022
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Investors
Goldman Sachs
& 5 more
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Employee Count
Employee Count
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Sales and Marketing
5 people
Buyer Team
4 people
Software Development Team
4 people
Leadership Team
3 people
Data Analysis and Operations Team
3 people
Human Resources and Administration
2 people
Business Team
1 people
Creative and Marketing Team
1 people
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Funding Insights of Modanisa
Modanisa has successfully raised a total of $28M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $19.5 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $19.5M
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First Round
First Round
(01 Feb 2013)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Series C - Modanisa | Valuation | Re-Pie | |
| Mar, 2019 | Amount | Series B - Modanisa | Valuation | EBRD |
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| Jan, 2019 | Amount | Series B - Modanisa | Valuation | Goldman Sachs , Wamda Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Modanisa
Modanisa has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, Re-Pie and EBRD VCIP. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Early-stage tech investments are made in Europe and Asia.
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Founded Year | Domain | Location | |
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Tech & Offline focused VC firm investing in seed & growth stage startups in the US & UAE
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Modanisa
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Modanisa
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modanisa Comparisons
Competitors of Modanisa
Modanisa operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Madmext, Butikgez and MyBUTTIK, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform selling clothing and accessories for men and women.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for designer ethnic fashion products.
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| domain | founded_year | HQ Location |
Functions as an online marketplace for fashion wear.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modanisa
Frequently Asked Questions about Modanisa
When was Modanisa founded?
Modanisa was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is Modanisa located?
Modanisa is headquartered in Istanbul, Turkey.
Is Modanisa a funded company?
Modanisa is a funded company, having raised a total of $28M across 7 funding rounds to date.
What does Modanisa do?
Modanisa was founded in 2010 in Istanbul, Turkey, as an online retailer in the fashion sector. A range of ethnic clothing for women is provided, including hijabs, shawls, sportswear, plus-size options, tops, dresses, ponchos, jackets, and abayas. Accessories such as bags, footwear, jewelry, and cosmetics are also offered. Operations are supported by a mobile application available for Android and iOS devices.
Who are the top competitors of Modanisa?
Who are Modanisa's investors?
Modanisa has 6 investors. Key investors include Goldman Sachs, Re-Pie, EBRD VCIP, Wamda Capital, and STC Ventures.