Turkey has managed to place itself among Europe's Top 10 countries in regards to the inflow of angel and venture capital investments from January through March, according to research. The country came in second only to Israel in the Middle East and North Africa area. Furthermore, Istanbul's ascent continues, with the city ranking seventh among European cities receiving the greatest investment. Now let's take a look at some of these startups.
Armut saves consumers time and effort by allowing them to get price quotations from competent local service experts without having to sift through directories or make phone calls. Consumers can use it for free. According to genuine customer reviews, Armut's matching algorithm is highly advanced, enabling 95 percent customer satisfaction in the notoriously difficult service industry. Armut has a strong presence in this market in Turkey. Over the previous year, revenue and transaction volume has increased by more than tenfold.
Getir is a Turkish startup that was established in 2015. It provides an on-demand "ultrafast" grocery delivery service, as well as a courier service for restaurant meal deliveries, via its smartphone app. Getir has been actively expanding since then, more than doubling its orders in the second half of 2019 to around 1.5 million in December. In 2019, it made $120 million in sales. In February 2021, the firm debuted its speedy delivery service in London.
Founded in Istanbul in 2012, Insider has managed to become one of the most successful companies. Insider—a single platform for personalized, cross-channel interactions—allows business marketers to integrate consumer data across channels and systems, forecast future behavior using an AI intent engine, and orchestrate individualized customer experiences. Marketers utilize Insider's platform to offer experiences across a variety of channels, including the web, app, web push, email, SMS, messaging apps (WhatsApp, Facebook Messenger, RCS), advertisements, and more. With multiple offices around the world, Insider is one of the most successful examples of its kind.
Dream Games is a mobile gaming company founded in 2019. Istanbul-based gaming startup marked a massive leap after it raised $155 million in funding from investors, valuing the business at $1 billion.
It was founded by Soner Aydemir, Ikbal Namlı, Hakan Sağlam, Eren Şengül and Serdar Yılmaz, all of whom are alums from Peak Games, another unicorn from Turkey.
oBilet is Turkey's 'online bus ticket' box office, which gathers Turkey's most exclusive bus companies on a single platform. The system brings together the companies serving from your current point to the point you want to go to, to offer the user the most suitable price option and time interval, and also gather the companies under a single portfolio and facilitate the road passenger transportation service.