Turkey has become a country that has made a name for itself with the rapidly developing digital transformation process in recent years. Especially important developments in the field of internet and information technologies have positioned our country as a digital power. Of course, with the increase in internet usage, the widespread use of mobile technologies and the strengthening of digital infrastructure, digital transformation has accelerated. Today, at this very point, a report has been published that reveals the growth rate of Turkey’s digital enterprises. Here are the details…
Turkish startups have been valued 10 times in five years!
The report, prepared in partnership with the Presidency of the Republic of Turkey Digital Transformation Office, Turkey TechnoHub and dealroom.co, provides detailed statistics on Turkey’s digital transformation speed in recent years.
How many startups are there in Turkey?
According to the statistics in the report, there are currently more than 3,000 large enterprises in Turkey. In addition, there are 6 unicorns, that is, companies with a value exceeding 1 billion dollars. At this point, Getir, which provides services in several areas such as grocery products and food delivery, and Trendyol, an e-commerce platform, stand out.
Trendyol and PASHA Holding signed a partnership agreement for the Azerbaijan market
Trendyol signed a partnership agreement for the Azerbaijan market with Baku-based PASHA Holding, one of the largest holdings in Azerbaijan.
According to the report, the value of these startups has increased from just 4 billion in 2018 to 39 billion now. This corresponds to a growth rate of 9.75 times / 878 percent.
Trendyol and Getir are the biggest startups in Turkey!
According to statistics, Trendyol and Getir currently stand out as the fastest growing startups in Turkey with great success. So much so that while Trendyol is currently 15 billion euros, Getir has a value of 9.1 billion euros.
This makes them stand out among the remaining 2,998 startups. According to the calculation, the total value of the remaining ventures is 14.1 billion euros.
Turkey is ahead of rival countries!
According to the information in the report, Turkey ranks first compared to neighboring countries in terms of the value of domestic enterprises. In fact, right after our country, which is the leader with 39 billion, is the United Arab Emirates with 35 billion euros. It is followed by Saudi Arabia right after it.
The rise of the gaming industry!
Ankara-based TaleWorlds Entertainment company, which was founded in 2005 by the couple Armagan and Ipek Yavuz, marked the beginning of the game industry in Turkey. So much so that the company, which achieved a significant success with the computer game Mount and Blade, which they released, added momentum to the competition in the game industry throughout the world, as well as in our country.
So much so that according to statistics, Mount and Blade sold between two and five million copies every week in 2020. At the same time, TaleWorlds Entertainment, which directs the game industry in the world, has thus achieved an important success for the game industry in Turkey.
According to the data, more than 140 game development companies in Turkey came to the fore in Europe with an investment of 428 million euros in 2022. These companies showed that they gave confidence by receiving 60 percent more investment than the previous year.
According to a report published in January 2020, Turkey ranked 7th among the countries playing video games worldwide. In January 2023, it rose to 5th place. However, according to official data, 92.3% of internet users in our country play games. This rate is 81.9 percent in the world.
Aside from the gaming industry, startups related to finance, food and transportation also showed a significant rise. So much so that the food industry, in which more than 138 big companies such as Getir compete, received an investment of 736 million euros in 2022.
The sectors that received the most investment in 2022 are as follows;
- Food: 736 million euros
- Game: 428 million euros
- Financial technologies: 70 million euros
- Transport: 22 million euros
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