The amount of the investment was not disclosed but the startup valued at USD6 million
Ikas, Ankara-based omnichannel retail management platform, raised an investment from Qnbeyond Ventures, the investment arm of Turkish bank QNB Finansbank. The amount of the investment was not disclosed but said that it valued the Turkish startup at $6 million.
Cloud-based POS system for businesses
Founded in 2018 by Mustafa Namoğlu, Ömercan Çelikler, Tugay Karaçay and Umut Ozan Yıldırım, Ikas makes it easy for businesses to manage their physical stores, marketplace sales and e-commerce, from one single platform. It comes with the cloud-based POS system that enables companies to manage their offline stores and an online marketplace management platform that allows them to manage orders and inventory on different leading local online marketplaces including Trendyol, Hepsiburada, Amazon Turkey, and N11. It comes with integration options for the leading e-commerce enablement platforms such as Shopify, Woocommerce, and Magento as well.
Pricing model varies on the needs of the company
The pricing model of Ikas depends on the size of the business and whether only requires the POS software, marketplace management platform, ecommerce, or a combination of the three. The POS software starts from $235/month and the marketplace integration from $176/month. Ikas grew 25% for the each month of 2020, according to the press release.
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