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BlaBlaCar acquires major European rival

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

E-Commerce 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, about which we first broke the news a month ago, is now final with sides making an official announcement t…


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…


Zomato buys Turkey's popular restaurant discovery service Mekanist

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


Phorm to scale back operations in Turkey as part of a major cost reduction program

Phorm, the controversial ad targeting company that uses ISP data for personalisation, is scaling back its operations in Turkey. The Operational Update filed with London Stock Exchange shows that the company is  undertaking a…


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, has bought 10% stake at the publisher. Currently running Webrazzi, an…

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