With increased investment, the value of technology businesses began to surpass that of huge companies in the past. Getir and Trendyol are now Turkey's most valued corporations. Trendyol and Getir achieved such high values in less than a decade, and there are many more intriguing early-stage startups to emerge. If additional quickly rising technology businesses pursue their aspirations of becoming global players, the majority of Turkey's most valued companies in 2025 will almost certainly be technology startups.
When we look at the history of success stories in Turkey, we can see that exits have reached $6 billion in the last ten years. During these years, the Turkish ecosystem has seen one decacorn and one NASDAQ-listed IPO. Given the prior success stories, more decacorns / unicorns and IPOs are predicted in the future.
When it comes to investments, the Turkish ecosystem shines out in a number of categories, including e-commerce, gaming, and grocery delivery applications. These industries account for the majority of all investments since they are mega-round.
The battle between traditional sectors and internet enterprises will continue. Yet, thanks to Turkey's cost-competitive and ambitious talent pool with expanding worldwide expertise, more global success stories of ICT businesses are projected to emerge. While Turkey's software skill pool is among the best in the world, it also offers significant cost savings when compared to global centres.
COVID-19 has aided the Turkish ecosystem in addition to attracting IT talent. Although this statement is debatable in and of itself, it is absolutely correct.
Entrepreneurs with adequate resources to develop worldwide began to build success stories swiftly as active investments increased and global investors' interest grew.
Aside from that, a new wave has formed this time, owing to the spillover effect, which arose from entrepreneurs who exited in the early 2010s and made amazing success stories locally, and entrepreneurs are ready to build worldwide success stories. Maçkolik, OpsGenie, Foriba, and yzico, for example, have worked as a university for entrepreneurs, raising dozens of bright entrepreneurs who know how to scale enterprises.
Many potential are ahead for Turkey's startup environment, with increased investor appetite and small hurdles to overcome. Keep an eye out for our upcoming study, which will focus on going global via value emphasis.
If you are considering to create a start-up, you should know about the places your services will be used. Having knowledge about Turkish start-up ecosystem will carry you one step forward in the competition. Visiting exhibits and joining workshops might help you comprehend how the Turkish startup ecosystem works. There are numerous workshops and activities you could attend, such as glass bead-making classes. Who knows, maybe you will be inspired from these activities! It certainly is better than drowning in the idea of not knowing what to do. We know that it requires a lot of research and work, but we are here to help you along the way. Contact us for more information and assistance, and we will take some of your workload, so you could enjoy the opportunities of being in Turkey
