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E-Commerce

PayPal halts operations in Turkey

Global online payment platform PayPal has just announced on its local website that it stopped operations in Turkey because it could not get necessary licence from local authorities. BDDK, the Turkish authority in charge…

E-Commerce

Turkish serial investor Aslanoba reveals why he closed his promising startup Tazedirekt

Hasan Aslanoba, the serial investor who has been at the forefront of the Turkish digital startup ecosystem, shocked his followers a couple of weeks ago with an unexpected decision to shut his very own startup Tazedirekt,…

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 giving p…

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 applications, pr…

Featured

TeliaSonera to exit Eurasian markets

TeliaSonera announced today that it has launched the process of reducing its operations in Eurasia to divert its efforts mostly to European markets. The process has been initiated with exits from Nepal, Kazakhstan, Uzbekistan, A…

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 from 12…

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). The global lea…

Digital

Turkish Airlines' Kobe vs Messi video tops favorite YouTube ads of the last decade

Google has finally unveiled the most loved YouTube ads of the last decade. Turkish Airline's 'Kobe vs Messi: The Selfie ShootOut' video has been chosen by the YouTube subscribers as the no 1 favorite ad of the last decade.…

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 with t…

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 within Mobilike clai…

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 share. Verizon …

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 to…

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 position…

E-Commerce

Hepsiburada.com sells 25% stake to The Abraaj Group with 1 billion TRL valuation!

It's official now. The deal between global investment company The Abraaj Group and Turkish e-commerce leader Hepsiburada.com, about which we first broke the news a month ago, is now final with sides making an official announcement t…

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 biggest s…

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