Draft:Ikas

ikas is an e-commerce platform that was founded in 2017. As of the latest data, ikas boasts over 4,000 clients.

Established by Ömercan Çelikler, Mustafa Namoğlu, Tugay Karaçay, and Umut Ozan Yıldırım in 2017, the company has expanded its operations beyond Turkey into more than six countries.

As an advanced online platform developed for small and medium-sized businesses (SMBs) and entrepreneurs, ikas facilitates the creation and management of online stores. The platform is noted for its ease of use on various independent peer-to-peer review websites like G2 and Capterra. It supports multichannel sales, allowing users to manage orders and inventory across online marketplaces, physical stores, and e-commerce websites through a unified dashboard.

Features of ikas include support for unlimited products, traffic, and web space, along with free shipping integration, advanced return management, discount campaigns, and continuous customer support. The platform also facilitates enhanced search engine optimization (SEO), bulk product categorization and pricing, cart reminder notifications via SMS and WhatsApp, and a proprietary payment solution, ikasPay, which expedites payment processing. Additionally, ikas supports free e-export to all countries. Requiring no technical skills from its users the platform also supports sales across various channels, including online marketplaces, physical stores, and brand-specific e-commerce websites, catering to an international market.

The platform's infrastructure supports unlimited products, traffic, and web space. It includes features such as free shipping integration, advanced return management, discount campaigns, and continuous customer support. ikas also enables users to categorize and price products in bulk, and provides cart reminder notifications via SMS and WhatsApp. ikasPay, the platform's payment solution, offers expedited payment processing, and the platform supports free e-export to all countries.

Financially, ikas has raised a total of 48.5 million Turkish Lira through several funding rounds. The first round in 2020, led by QNBEYOND Ventures, amounted to 500,000 Turkish Lira. A subsequent round in 2022 included a $3,500,000 investment from entities such as 500 Global, Revo Capital, Oyak Yatırım, Finberg, and other global investors. Most recently, in April 2024, ikas secured $20 million in a round led by the International Finance Corporation (IFC) and Re-Pie Asset Management.

ikas has been recognized among the Deloitte Technology Fast 50 in 2023, indicating rapid growth. The company also reported a significant increase in its Annual Recurring Revenue (ARR), growing from $1 million to $10 million within 16 months.