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A look inside Turkey’s startup scene

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Turkey’s largest Internet exits to date have been food ordering marketplace Yemeksepeti, which was acquired by Delivery Hero for $589 million in May 2015, Gittigidiyor, which was acquired by its global counterpart eBay for $217 million in April 2011, and mobile enterprise development house Pozitron, which was acquired by Monetise for $100 million in February 2014.

In addition to these successful exits, local players like the country’s largest classifieds site, Sahibinden, its largest e-commerce site, Hepsiburada, and its largest recruitment marketplace, Kariyer.net, show that entrepreneurship is alive and kicking in the country.The fact that local winners have emerged in each of these verticals is a testament to the strength of Turkish entrepreneurs and the significant advantage they have in building operational businesses tailored to the realities of Turkey. Each of these companies was founded between 1998 and 2001, and together they’re part of the first wave of Internet entrepreneurship in the country.

You can read the whole article here via:  VentureBeat


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