Re-Pie Portfolio, Turkiye’s first and largest alternative portfolio management company, acquired the entirety of Modanisa, Turkiye’s leading international e-commerce and online clothing platform. Established by Re-Pie Portfolio for Modanisa, which exports to 140 countries and aims to accelerate its growth with physical stores, Re-Pie Portfolio Embedded Venture Capital Investment Fund, which continues to accept investors, has invested $12 million in the company so far. With the investment it received, Modanisa aims to grow by 200% by increasing the number of its stores to 27 by the end of the year.
Turkiye’s first and largest alternative portfolio management company, Re-Pie Portfolio, acquired the entirety of Modanisa, Turkiye’s first and the world’s largest international online fashion and shopping platform in the field of modern conservative clothing.
Reaching millions of consumers around the world and aiming to accelerate its profitable growth with new stores this year, Modanisa received a new investment of $12 million from Re-Pie Portfolio Embedded Venture Capital Fund (GSYF).
Re-Pie Portfolio Chairman of the Board of Directors Dr. M. Emre Camlibel said, “We are pleased to add Modanisa, which has achieved rapid growth by carrying the Turkish textile and modern fashion approach to 140 countries of the world, to our portfolio.” Camlibel said, “We are providing the necessary investment for Modanisa, which derives 80% of its revenues from exports, to further increase its brand value, which it has achieved by reaching millions of consumers around the world through its online platforms, with physical retailing with high profit margins. We will continue to support Modanisa, which has implemented its aggressive growth strategy this year, to become a new unicorn from Turkiye.”
The opportunity to become an investor in Modanisa continues
Re-Pie Portfolio’s new investment of $12 million in Modanisa was provided by Re-Pie Portfolio Embedded GSYF. The fund still continues to accept investors.
Re-Pie Portfolio also led the bridge investment tour in 2022, in which Modanisa received an investment of $20 million, and Re-Pie Portfolio invested $15 million in the company with Modanisa GSYF. Apart from Re-Pie Portfolio, prestigious investors such as Goldman Sachs, IPY and EBRD also participated in the bridge investment tour.
Modanisa aims to grow threefold
Founded in 2011 as a Turkiye-based online clothing and fashion shopping platform, Modanisa began to offer stylish alternatives to women around the world who have adopted a clothing style according to their beliefs, so that they can look and feel good the way they want. Offering easy and comfortable shopping opportunities in Arabic, English, French and German as well as Turkish, Modanisa reaches 20 million visitors per month from all over the world who have adopted the “conservative” clothing style through its mobile application and website.
Exporting to 140 countries, Modanisa brings the products of Turkish designers to the world stage with Modest Fashion Week fashion organizations in important centers such as London, Dubai and Jakarta. It makes a significant contribution to Turkiye’s textile branding efforts.
Modanisa, which has increased its existing 6 stores to 9 with the stores it has opened since the beginning of the year, aims to grow 200% by reaching 27 stores by the end of the year.
Source: Egirisim / Prepared by Irem Yildiz