Travel platform TatilBudur will enter the new year with a strong start following İş Girişim Sermayesi’s increase in its stake in the company. The process, which began with a preliminary protocol announced on November 8, was completed on December 2, 2024, transferring a 24.06% stake in TatilBudur to İş Girişim Sermayesi for 1 billion 66 million TL.
The partnership that began with İş Girişim Sermayesi’s initial investment in TatilBudur in 2015 was further strengthened by a capital increase in 2020. This investment process was an important step to enhance TatilBudur’s operational strength and further bolster its technology infrastructure. Most recently, with the transfer of a 24.06% management stake, İş Girişim Sermayesi’s share in TatilBudur reached 64.15%.
‘We will continue to contribute to its development and growth’
Kubilay Aykol, CEO of İş Girişim Sermayesi, emphasized that with the share transfer, İş Girişim Sermayesi, the venture capital arm of the Bank, has become the majority shareholder in Tatilbudur, an important player in the sector, and will actively continue to contribute to the company’s development and growth. Aykol also mentioned that this step aligns with İş Bankası’s prioritized sectors, including the tourism sector.
‘More leeway within our common goals…’
TatilBudur CEO Onur Otruş also expressed excitement about this development, noting that the share transfer provides significant opportunities for steady growth. Otruş stated, ‘We have been working together in harmony with İş Girişim Sermayesi for 10 years to develop the brand. We believe the new developments will create more leeway within our common goals. As TatilBudur, we will close the year with growth exceeding 40%, which is significant in industry dynamics. We believe that this change, occurring before 2025, will offer important opportunities to reinforce our position in the industry, accelerate our growth strategies, and reach a broader customer base.
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