Investments

Featured

The Abraaj Group closes its $526M fund for investment in Turkey

Global investors The Abraaj Group announced today that they have just closed its first dedicated Turkey Fund worth $486 million, with a further $40 million raised for co-investment. Abraaj Turkey Fund I has 70% of the…

Featured

Multinet UP acquires Turkey's leading fintech startup ininal in a stock-swap deal

Istanbul-based voucher and shopping debit card network Multinet UP, which is owned by French UP Group since 2010, has acquired majority stake in one of Turkey's leading fintech companies ininal. There is no official…

Featured

Webrazzi Ventures launched to fund early stage startups in Turkey

Webrazzi, Turkey's leading tech blog, announced today that it has launched Webrazzi Ventures to help early stage startups get off the ground in Turkey. Webrazzi Ventures will provide funding to local startups by…

Startups

Winners of Webrazzi Arena 2015 startup competition announced!

Webrazzi Summit, Turkey's most influential internet conference ended with a startup contest, Webrazzi Arena, this year. The two days conference hosted Startup Lounge where 50 startups selected from hundreds of…

Startups

Startupbootcamp Istanbul selects its class of 2015

Startupbootcamp Istanbul has announced the best startups out of 27 contenders for its 2015 program. The accelerator said they received over 500 applications from 118 cities in 63 countries. A total of 27 finalists…

E-Commerce

Delivery Hero closes €110M round that values the company at €2.8B

Delivery Hero, a major part of Rocket Internet's Global Online Takeaway Group, has closed a new round of funding of $110 million which increases the overall valuation of the company to €2.8 billion (or $3.1 billion).…

Startups

HomeAway invests $2M in local Turkish competitor Hemenkiralik.com

HomeAway, the Austin, Texas based global marketplace for vacation rentals, invests $2 million in its local rival in Turkey, Hemenkiralik.com, according to company registration documents. Raising a total of 2.5 million…

Digital

Opera Mediaworks to buy leading Turkish mobile ads network Mobilike

Opera Mediaworks, the adtech subsidiary of Norway’s Opera Software, has agreed to acquire Mobilike, one of Turkey’s leading mobile ad platforms. The value of the deal has not been disclosed whereas our sources…

Digital

Verizon acquires TechCrunch and HuffPost owner AOL

Verizon, one of the biggest mobile carriers in the Americas, has acquired AOL, the owner of global online publications like TechCrunch, The Huffington Post and Engadget, for $4.4 billion, or around $50 per…

E-Commerce

Delivery Hero acquires Turkish food delivery leader Yemeksepeti at a total valuation of $589M

Global food delivery giant Delivery Hero has acquired Yemeksepeti.com, the Istanbul-based food delivery network that operates in 8 countries across East Europe and the Middle East. All Yemeksepeti shares will transfer…

Featured

BlaBlaCar acquires major European rival Carpooling.com

In line with its ongoing aggressive expansion policy, French inter-city ride sharing platform BlaBlaCar is now acquiring carpooling.com, its biggest rival in Europe. The deal strengthens the startup's leadership…

E-Commerce

Rocket Internet buys 30% in Delivery Hero, acquires major Spanish and Italian food delivery businesses

Europe's biggest internet investor and incubator Rocket Internet has announced today that it buys 30% stake in global food delivery giant Delivery Hero for €496 million. The Berlin-based group who is the incubator and…

Featured

Zomato buys Turkey's popular restaurant discovery service Mekanist

Global restaurant discovery service Zomato announced today that it has acquired Mekanist.net, one of the leading players in Turkey backed by Pond Ventures, in an all cash deal. This is Zomato's last big acquisition in…

Featured

Ex-Sadecehosting owner buys minority stake in Webrazzi

Arda Kutsal, the founder and CEO of Webrazzi, announced today in a post at the site that Selçuk Saraç, the founder and ex-owner of Sadecehosting.com, has bought 10% stake at the publisher. Currently running Webrazzi,…

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