Turkey

Midas, a fintech startup that allows people in Turkey to invest in U.S. and Turkish equities, says it has raised $45 million in a funding round led by Portage of…

Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey

Meta will “temporarily” shutter Threads in Turkey on April 29, in response to an injunction imposed by the country’s competition authority.

Meta to close Threads in Turkey to comply with injunction prohibiting data sharing with Instagram

E-commerce’s field remains vast and fertile, and further evidence of this has surfaced in the form of one of the largest fundraises by a startup in Turkey.

Turkish startup ikas attracts $20M for its e-commerce platform designed for small businesses

Featured Article

Inside the weird and quirky world of building a startup behind a wall of tariffs

Think quick — how much does a top-of-the-line iPhone 15 Pro Max cost? If you said around $1,600, you’d be right, but only if you’re based in the U.S. In Turkey, the same phone will set you back almost $3,000. That gap introduces a fantastic opportunity for arbitrage — and a lively second-hand and refurbished…

3:00 pm PST • March 7, 2024
Inside the weird and quirky world of building a startup behind a wall of tariffs

There is a fight emerging in Central and Eastern Europe, and all the way down into the South Eastern regions. Investors such as Inovo, Credo, LauncHub, Vitosha, VentureFriends, and Marathon…

The VC ‘Scramble for Europe’ breaks out in the East as a €70M fund breaks cover

Although the mobile app boom driven by pandemic lockdowns has long since passed, consumers’ mobile usage is still growing. According to new data released today by app intelligence firm data.ai…

Mobile users are now spending 4-5 hours per day in apps

Security researchers have linked the discovery of an actively exploited but since-fixed zero-day vulnerability in Google Chrome to an Israeli spyware maker targeting journalists in the Middle East. Cybersecurity company…

Spyware maker Candiru linked to Chrome zero-day targeting journalists

Researchers at cybersecurity company Proofpoint said they have observed the China-backed advanced persistent threat group, TA412, also known as Zirconium, engaging in several reconnaissance phishing campaigns since early last year.…

China-backed hackers targeted White House journalists before January 6

Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into Pakistan, it announced on Friday. Alibaba’s overseas expansion…

Alibaba extends logistics arm to Pakistan for e-commerce unit Daraz

It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart…

Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans

Earlybird VC was one of the “OG” of the emergence of Berlin as a key global tech startup ecosystem 15 years ago. Founded in 1997, it’s gone on to back…

Earlybird VC closes new €350M fund for Western European startups, with a deep-tech angle

Mass transit group Swvl has confirmed to TechCrunch its deal to buy U.K. startup Zeelo, estimated to be a $100 million acquisition, according to sources. The Egyptian-born startup that provides…

Mass transit group Swvl confirms estimated $100M acquisition of UK startup Zeelo

Swvl, an Egyptian startup that provides shared transportation services for intercity and intracity trips, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-service operator. The…

Egyptian MaaS startup Swvl enters Turkish markets with latest acquisition

Featured Article

Tech talent flees Russia as Western sanctions bite

Russia is seeing an exodus of entrepreneurs, computer programmers and other educated middle-class citizens as Western sanctions and political instability make it impossible to run an international business in the country. Russia’s invasion of Ukraine has forced millions to flee their homes, fearing for their lives. But the war is also leading to Russians moving…

5:38 am PDT • March 20, 2022
Tech talent flees Russia as Western sanctions bite

Casual mobile games have reached a fever pitch of interest with consumers, and so too with investors, who are rushing to back the biggest and most promising startups building these…

Tripledot snaps up $116M at a $1.4B valuation as casual mobile games become serious business

Earlybird, best known as the Berlin-based VC which has backed myriad German and European startups such as SoundCloud and N26, is today expanding its reach in Europe with the creation…

As European VC heats up, Berlin’s Earlybird expands its reach into France with an adjunct fund

Yet more funding is finding its way to Istanbul’s gaming startups. Today, Dream Games — the casual games developer behind the hit game Royal Match — is announcing a $255…

Score another win for Istanbul gaming startups: Dream Games raises $255M at a $2.75B valuation

Istanbul has become a city to watch when it comes to casual gaming startups, boosted by the likes of Peak (acquired by Zynga for $1.8 billion) and Dream (valued at…

Turkey’s Spyke raises $55M in a seed round to bring a social twist to casual mobile games

A group of more than 80 prominent fact-checking organizations around the world is pressing YouTube to take action against COVID misinformation, which still prevails on the platform now two years…

Fact-checkers write open letter urging YouTube to get serious about COVID misinformation

Consumer spending on mobile apps reached $170 billion in 2021, according to App Annie’s newly released “State of Mobile 2022″ report, out today, which offers a comprehensive look at the…

App Annie: Global app stores’ consumer spend up 19% to $170B in 2021, downloads grew 5% to 230B

E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East and Africa. Today, the company confirmed…

Opontia gets $42M to buy more e-commerce brands in Eastern Europe, Middle East and Africa

Facebook, a recently added subsidiary of Meta, said it will make two-factor authentication (2FA) mandatory for high-risk accounts likely to be targeted by malicious hackers. The move is part of…

Facebook is making two-factor mandatory for high-risk accounts

Well that was quick. U.K.-based hyper fast grocery delivery startup Weezy — which only raised a pre-seed for its 15-minute delivery services of supermarket fare last year (after founding the…

Turkey’s instant grocery giant Getir grabs UK’s Weezy in latest delivery consolidation

People subscribe to music, so why wouldn’t they subscribe to carbon offsetting to alleviate their conscience about the climate crisis? That’s partly the thinking behind U.K. startup Ecologi, which uses…

Subscription carbon offsetting platform Ecologi hits $8M total raised, includes General Catalyst

Instant grocery and essentials delivery is already a very crowded field in Europe; but today competition was turned up another notch: Gopuff — the U.S. leader in the space with…

After acquiring Dija and Fancy, instant grocery startup Gopuff launches in the UK en route to European expansion

Starting today, Twitter is testing Tweet Reactions in Turkey for a limited time. Users in the region will be able to react to tweets using  ,  , and , in addition to .…

Twitter users in Turkey can now emoji-react to tweets

Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville…

Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation

In my journey to the U.S., I became good at three things: accepting uncertainty, building resilience and maintaining a positive mental attitude. I needed them all to get my startup…

3 invaluable founder lessons I learned on my immigration journey

Merqueo offers more than 8,000 products, including fresh foods, packaged goods, home essentials, beverages and frozen products. It currently operates in more than 25 cities and has over 600,000 users.

Colombia’s Merqueo bags $50M to expand its online grocery delivery service across Latin America

Hepsiburada — Turkey’s giant online shopping platform considered the Amazon of its country — floats on the Nasdaq today, for a valuation likely to exceed $3.9 billion on current projections,…

Hepsiburada Founder sets out her vision, as it becomes first Turkish Nasdaq IPO