Key Milestones of Turkey’s Startup Ecosystem
20 February 2024•
%2Fuploads%2Farticles%2F2024%2F0219_turkey_startups%2FInfobyte3.jpg&w=3840&q=75)
Turkey's emergence as a notable player in the global startup scene is marked by the rise of unicorns across multiple sectors.
The initial wave of unicorns comprised local powerhouses in consumer-focused areas like e-commerce, food delivery, and payments.
This was followed by significant successes in the gaming sector, which has become a vibrant and influential part of the Turkish startup landscape.
There have been optimistic predictions about Turkey's potential to produce new gaming unicorns annually, reflecting the sector's dynamic growth.
More recently, a third wave is emerging within the B2B SaaS space, targeting mid-range clients with services ranging from US $1,000 to US $10,000 monthly.
This sector's expansion has been notable, contributing to the country's growing list of unicorns. Since 2020, Turkey has successfully introduced 7 unicorns to the world, a significant achievement considering none existed before this period.
These developments not only highlight the diversification of Turkey's startup ecosystem but also its ability to adapt and excel in various technology domains.
Author
.jpg&w=3840&q=75)
We are a team of passionate Researchers, Data Junkies, and Story-Tellers that believe there is not enough quality business insights and compelling data analysis available in the marketplace, told in the formats users want. We want to give an insider's look into the industries, businesses and economies that are changing the world today, so our users can become inspired, empowered and equipped to run their businesses as best they can.
%2Fuploads%2Ffoodtech-2%2Fcover%2520(1).jpg&w=3840&q=75)
