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Startups

Digime3D received its first investment of 2.2 million TL from Tarvenn

One of the winners of Bayer Grant4Apps Turkey, a startup accelerator program with more than 120 applications, Digime3D received its initial investment of 2.2 million TL from Tarvenn. Digime3D offers devices that perform…

Startups

New SaaS-based analytics platform Rakam analyzes over a billion actions a a month

Rakam is a SaaS-modelled analytic substructure who keeps getting tractions recently in Turkey and around. Reportedly analyzing over a billion action a month, Rakam draws attention as an open source library as well as…

Startups

Webrazzi Arena winner Evdekibakicim gets $180K angel investment

EvdekiBakicim.com, the Istanbul-based start-up that matches families with highly qualified sitters and care professionals, has closed an angel investment round of 675,000 Turkish Liras (around $180K) and reveals plans…

Startups

Home-care market place EvdekiBakicim wins Webrazzi Arena 2016 startup competition

EvdekiBakicim, an online market place for clients and providers of  home care for children and elder care, is the winner of this year's Webrazzi Arena, the leading startup competition held as a part of the most…

Startups

Finnish fintech startup Zervant raises €4M to bring its e-invoicing business to new markets

Finnish fintech startup Zervant that provides invoicing services to freelancers, small businesses and startups, announced today that it has raised €4 million in Series A funding round led by Northzone and Conor Venture…

E-Commerce

Quandoo shutters operations in Turkey

Quandoo, one of the largest online restaurant reservation platforms in Europe is ceasing operations in Turkey. The decision to exit Turkish market comes amid a downsizing period followed by laying off remaining…

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…

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…

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…

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…

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,…

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).…

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