Macroeconomic crisis
Macroeconomic crisis: 12 startups that closed for this reason, with their stories and lessons.
12 startups
Convoy
A digital freight broker that used software to match shippers with truckers
Closed2020 – 2023Mevsimi
The Turkish start-up that brought seasonal fruit and vegetables straight from growers to the door, with no mid
Closed2017 – 2022BlockFi
A $3 billion company offering lending products backed by crypto assets
Closed2007 – 2022Bobiler.org
The photomontage community that brought "monte" culture to Turkish internet humour
Closed2018 – 2022Voyager Digital
The crypto broker offering trading and loyalty rewards that lent out its assets
Closed2016 – 2020HubHaus
The co-living start-up that leased large houses and opened their rooms to young professionals
Closed2016 – 2019Evtiko Türkiye
A property start-up that made offers on homes within 48 hours, bought them, renovated them and sold them on
Closed2011 – 20181V1Y (Bir Varmış Bir Yokmuş)
The private shopping site set up jointly by some of Turkey's best-known retail brands
Closed2007 – 2009Bravoo
The online directory, local search and advertising platform connecting small businesses with consumers
Closed2003 – 2009Koysepete
An Ankara-based shopping site selling everything from computers to home textiles in instalments
Closed1997 – 2001eToys
The online toy retailer that became an emblem of the dotcom bubble
Closed1995 – 2020Lumière Empresa Cinematográfica
Brazilian cinema chain ceased operations due to the Covid-19 pandemic
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This section is compiled from public sources (Wikidata, news archives and company announcements). Figures are given as they appear in those sources; unknown fields are left blank. If you spot a mistake in an entry, you can send us a correction.