List of Remarkable Investments in Turkish Startups in 2011
The year 2011 has been definitely a bumper year for Turkish Startups. Coming events cast their shadows before. By the end of 2010, news coming from Tiger Global – Trendyol relationship was only a foreshadow of developments occurred in 2011. This year we also witnessed the peak point: Naspers investment in Markafoni. No need to emphasize that both Trendyol and Markafoni are private shopping sites.
We prepared a reference article for you listing some of the most remarkable investments in Turkish Startups:
December 2010
Tiger Global invests 10 million $ in private shopping club Trendyol in exchange of 36% of the company.
February 2011
Social gaming startup Peak Games raises 1.5 million $ from Hummingbird Ventures in exchange of 20% of its share.
March 2011
Intel Capital buys 8.5 % of Nokta investing 2,5 million $.
May 2011
Mekanist.net (Turkish Yelp or Qype) raises 2,5 million $ from Pond Ventures.
eBay buys %97 of GittiGidiyor.com (Turkish eBay), valuing it over 200 million $.
Hummingbird Ventures invests another 5 million $ in Peak Games.
June 2011
Private shopping club Vipdukkan.com raises 5 million $ from ePlanet Capital in exchange of 21,5% of the company.
July 2011
MIH Allegro (Naspers) acquires %70 of Turkish leading private shopping company Markafoni, valuing it over 200 million $.
August 2011
Grupanya.com, one of the leading group buying companies in Turkey, is valued at 40 million $ by Intel Capital, according to Webrazzi.com.
Trendyol raises another 26 million $ from Tiger Global.
September 2011
Marketplace Tinypay.me raises 1 million $ investment from Aksoy Internet Ventures.
October 2011
Hummingbird Ventures and Earlybird Venture Capital invests another 11,5 million $ in Peak Games.
Hopefully new investments are on the road, we will be happy to edit the list till the end of the year. If needed, please complete this reference list by commenting this post.
Source: www.webrazzi.com
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