ISTANBUL, TURKEY — As if you needed to be convinced that Istanbul is one of the world’s hottest technology start-up scenes, New York private equity firm, General Atlantic, announced on Monday a $44 million stake in Turkish on-line food order platform, Yemeksepeti. It is an investment that follows on from a series of brow-raising commitments made last year. They include a $26 million investment Kleiner Perkins and Tiger Global put into Trendyol, Turkey’s Gilt Groupe and a 70 percent stake that South Africa’s Naspers took on Markafoni, a Turkish private shopping club. Amazon, Intel and eBay also put money in 2011 into respective e-commerce platforms, Ciceksepeti, an on-line flower and chocolate marketer, Grupanya, a Groupon namesake, and GittiGidiyor, an eBay clone.
The Bloomberg Billionaires Index names Hamdi Ulukaya, founder of Chobani Inc., the Greek yogurt maker, as one of the world's newest billionaires. The American craze for delicious Greek yogurt has made Hamdi Ulukaya, founder of Chobani Inc., one of the world's newest billionaires. According to Bloomberg Chobani has become the best-selling yogurt brand in the U.S., giving Ulukaya a net worth of $1.1 billion.
New York, USA – Turkish Philanthropy Funds, a foundation that assists donors to development smart social investments towards Turkey, is competing with charities nationwide for grants ranging from $10,000 to $250,000 from the Chase Community Giving program. Facebook users and Chase customers, alike, can help by simply voting for Turkish Philanthropy Funds through the Chase Community Giving program on Facebook.
NEW YORK CITY-The real estate group at Herrick, Feinstein LLP has been selected by the Republic of Turkey to represent it on all aspects of development and construction of a new and expanded Turkish Center at 46th Street and 1st Avenue across from the United Nations. The firm – which has a long-standing relationship with the Turkish community after senior partner Lawrence M. Kaye spearheaded the Turkish Practice Group at Herrick in the mid 1980s – will advise the republic about its real estate and planning matters throughout the redevelopment process here. “Our firm has a long history of working with Turkey, and this is another important chapter in that relationship,” Kaye notes, in a statement.
