Draft:Ikas
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| Industry | E-Commerce |
|---|---|
| Founded | 2017 |
| Founder | Ömercan Çelikler, Mustafa Namoğlu, Tugay Karaçay, Umut Ozan Yıldırım |
| Headquarters | Turkey, |
Number of locations | Istanbul Berlin |
Area served | Germany Switzerland Turkey United Kingdom United States Azerbaijan |
| Website | https://ikas.com/ |
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[1] and Capterra.[2] 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.[3]
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.[4] The first round in 2020, led by QNBEYOND Ventures, amounted to 500,000 Turkish Lira.[5] 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.[6] Most recently, in April 2024, ikas secured $20 million in a round led by the International Finance Corporation (IFC) and Re-Pie Asset Management.[7]
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.[8]
Investment Timeline
The timeline of ikas reflects a trajectory of consistent growth and expansion:
- 2017: The year marks the foundation of ikas, laying the groundwork for a new player in the e-commerce industry.
- 2020: The company receives its first investment, a crucial step that supports its early growth and development strategies.
- 2022: ikas secures a significant second round of funding, showcasing increased investor confidence and the company's solid market position.
- 2023: By this time, ikas has established a robust client base, serving over 4,000 customers, a testament to its successful expansion and the effectiveness of its platform.
- 2024: In April 2024, ikas raised $20 million in a significant funding round. This round was led by the International Finance Corporation (IFC) and Re-Pie Asset Management.
Throughout this period, ikas has grown financially and in terms of its market reach[9] and operational capacity, emerging as a notable entity in the e-commerce domain.
Awards
In 2023 and 2024, ikas has received multiple top ratings and awards from platforms like Capterra[10], GetApp, and Software Advice, recognizing its excellence in ease of use, functionality, and overall value across various e-commerce categories, including headless eCommerce, B2B eCommerce, and retail management systems for 2023 and 2024.
Moreover, ikas has been ranked as the #1 marketing tool for omnichannel commerce in the small-business segment, #1 for customer service integration, and #1 for social media integration, according to G2's Spring 2024 reports.
ikas has also been recognized as one of Tekpon's Top 10 E-commerce Monitoring Software for 2024[11], highlighting its innovation and reliability in the e-commerce sector.
References
- ^ "G2".
- ^ "Capterra".
- ^ "ikas | New Generation E-Commerce Platform". ikas. Retrieved 2024-04-19.
- ^ "Dealroom.co". app.dealroom.co. Retrieved 2024-04-19.
- ^ "ikas, QNBEYOND Ventures'tan 45 milyon TL değerleme ile yatırım aldı". Webrazzi (in Türkçe). 2020-08-20. Retrieved 2024-04-19.
- ^ "KOBİ'lere e-ticaret ve e-ihracat çözümleri sunan ikas, 3,5 milyon dolar yatırım aldı". Webrazzi (in Türkçe). 2022-04-12. Retrieved 2024-04-19.
- ^ "ikas Secures $20 Million in Series A Funding Led by IFC and Re-Pie Asset Management". Yahoo Finance. 2024-04-04. Retrieved 2024-04-19.
- ^ "Deloitte's Annual Turkish M&A Review 2022" (PDF).
- ^ "Top 10 E-Commerce-Softwares für KMU in Deutschland". Capterra (in Deutsch). Retrieved 2024-09-02.
- ^ "Capterra Shortlists 2023-2024". Capterra.
- ^ Stanciuc, Ana-Maria (2024-08-27). "Tekpon Unveils Top ECommerce Monitoring Software for Businesses". EIN Presswire. Retrieved 2024-09-02.