Girişimci Kafası archive

Turkey's startup graveyard

The stories of 117 startups from Turkey that shut down: what they did, why they closed and the lessons they left behind.

Startups1,686
Known capital burned$31.2 billion
Average lifespan10.3 years
Most common causeBusiness model failed
Countries81
Biggest lossArgo AI ($3.6 billion)

117 startups

Closed2018 – 2026

ICRYPEX

A crypto exchange that grew through sponsorships and fan tokens, then went into liquidation in 2026

TurkeyRegulation and legal issues
Closed2023 – 2026

IO Interactive Türkiye

The Istanbul studio Hitman maker IO Interactive opened to develop AAA games

TurkeyRan out of cash
Closed2013 – 2026

Quandoo Türkiye

The Turkish operation of the Berlin-based online restaurant booking platform

TurkeyBusiness model failedCorporate product
Closed? – 2026

Vepara

A payment institution offering virtual POS, a digital wallet and pay-by-link on a single platform

TurkeyRegulation and legal issues
Closed2018 – 2025

Bitay

A crypto exchange born as an R&D project at Yıldız Teknopark that issued its own token

TurkeyRan out of cash
Closed2017 – 2025

BitTurk

A Turkish exchange that was first to list some altcoins in Turkey and also built blockchain software

Turkey$2 millionRegulation and legal issues
Closed2016 – 2025

Gazete Duvar

An independent online newspaper launched after the 15 July coup attempt that lasted nine years

TurkeyBusiness model failed
Closed2012 – 2025

ininal

A Turkish prepaid card start-up that let people without credit cards shop online

TurkeyRegulation and legal issues
Closed2016 – 2025

Nabız (Nabd Türkiye)

The Turkish edition of Nabd, the Arab world's news app, aggregating more than 300 Turkish sources

TurkeyBusiness model failed
Closed2015 – 2025

Zingat

The property platform founded by Doğuş Group and REIDIN that stood out for its valuation data

TurkeyAcquired and shut down
Closed2004 – 2024

instela (İTÜ Sözlük)

A collaborative dictionary born as İTÜ Sözlük that turned into a social community called instela

TurkeyLost to competitors
Closed2013 – 2024

Koinim

A first-generation Turkish bitcoin wallet and trading platform, launched in 2013

TurkeyRegulation and legal issues
Closed? – 2024

Superpeer

The platform where experts and influencers held paid one-to-one calls and livestreams

Turkey$10 millionAcquired and shut down
Closed2011 – 2023

Dergilik (Turkcell)

Turkcell's digital publishing platform offering hundreds of magazines and newspapers in a single app

TurkeyBusiness model failedCorporate product
Closed2021 – 2023

LINK Türkiye (Superpedestrian)

US-based Superpedestrian's shared scooter service in Istanbul, Ankara and Izmir

TurkeyRegulation and legal issues
Closed2020 – 2023

Mevsimi

The Turkish start-up that brought seasonal fruit and vegetables straight from growers to the door, with no mid

TurkeyMacroeconomic crisis
Closed2014 – 2023

Modacruz

A mobile marketplace where women bought and sold second-hand luxury clothing and accessories

Turkey$7 millionAcquired and shut down
Closed2011 – 2023

Morhipo

Boyner Holding's fashion site that brought new-season products and promotions together in one place

TurkeyBusiness model failedCorporate product
Closed2018 – 2023

Thundra

A platform for monitoring, debugging and securing serverless applications such as AWS Lambda

Turkey$4 millionAcquired and shut down
Closed2017 – 2023

Trapmine

The security software that used machine learning to protect corporate computers from malware

TurkeyAcquired and shut down
Closed2019 – 2022

Barty

A peer-to-peer platform where second-hand goods were swapped for points rather than money

TurkeyBusiness model failed
Closed2018 – 2022

BenzinLitre

The app that mapped petrol stations with their latest prices and facilities

TurkeyBusiness model failed
Closed2007 – 2022

Bobiler.org

The photomontage community that brought "monte" culture to Turkish internet humour

TurkeyMacroeconomic crisis
Closed2001 – 2022

GittiGidiyor

The site that started with auctions and grew into one of Turkey's longest-established marketplaces

TurkeyAcquired and shut down
Closed2017 – 2022

Gönder

A grocery platform that brought neighbourhood shopkeepers' goods to the door through online ordering and deliv

TurkeyLost to competitors
Closed2020 – 2022

Nimo TV Türkiye

The live-streaming platform through which China's Huya gathered mobile gaming streamers in Turkey

TurkeyRan out of cash
Closed2013 – 2022

TutumluAnne

The Turkish marketplace where mothers bought and sold second-hand children's and women's items

TurkeyLost to competitors
Closed2017 – 2022

Yaani

Turkcell's mobile-first search engine, launched with the promise of keeping data in Turkey

TurkeyLost to competitors
Closed2010 – 2022

Yakala.co

The Turkish daily-deals site, backed by Hürriyet, that stood out for its witty voice

TurkeyBusiness model failed
Closed2016 – 2021

Arıkovanı

Turkcell's reward-based crowdfunding platform for technology start-ups

TurkeyBusiness model failedCorporate product
Closed2018 – 2021

Coinzo

An İzmir-based platform that ranked among Turkey's five most-used crypto exchanges

TurkeyRegulation and legal issues
Closed2017 – 2021

Thodex

The Turkish crypto exchange, founded as Koineks, that went dark overnight in 2021

TurkeyRegulation and legal issues
Closed2017 – 2021

Vebitcoin

The Muğla-based crypto platform that halted operations right after Thodex

TurkeyRegulation and legal issues
Closed2013 – 2021

Zomato Türkiye

The restaurant discovery platform that grew by buying Mekanist, and came and went twice

TurkeyBusiness model failed
Closed2004 – 2020

Alkışlarla Yaşıyorum

The video site that became Turkey's archive of comedy clips during the years YouTube was blocked

TurkeyRegulation and legal issues
Closed2005 – 2020

Blogcu.com

Turkey's first free blogging service, which helped hundreds of thousands of people start a blog

TurkeyLost to competitors
Closed2016 – 2020

Careem Türkiye

The Gulf ride-hailing start-up's taxi-hailing service in Istanbul, Bursa and Adana

TurkeyRegulation and legal issues
Closed2018 – 2020

Glovo Türkiye

The Turkish arm of the Spanish app that brought everything from meals to groceries to the door by courier

TurkeyLost to competitors
Closed2012 – 2020

Hemen Kiralık

The Turkish rental site connecting hosts with people renting flats by the night or the day

Turkey$3.5 millionLost to competitors
Closed2018 – 2020

OtoParlat

A mobile car-wash service that cleaned vehicles where they were parked, without using water

TurkeyRan out of cash
Closed? – 2020

Smopin

The swipe-based chat app that matched strangers who wanted to talk about the same topic

TurkeyBusiness model failed
Closed2016 – 2019

Bilemezsin

The Turkish app that turned the news of the day into a fun points-based prediction game

TurkeyTeam problems
Closed2016 – 2019

Evtiko Türkiye

A property start-up that made offers on homes within 48 hours, bought them, renovated them and sold them on

Turkey$8.3 millionMacroeconomic crisis
Closed2013 – 2019

Ligatus Türkiye

The ad network serving native ads dressed as content recommendations on news sites

TurkeyBusiness model failed
Closed2008 – 2019

Markafoni

The discount fashion site that popularised invitation-only private shopping in Turkey

TurkeyBusiness model failed
Closed2018 – 2019

Scotty Yemek

The food delivery service of Scotty, the motorbike ride app, bringing restaurant meals by courier

TurkeyBusiness model failed
Closed2015 – 2019

Sinemia

The cinema subscription app that let film fans go often for a fixed monthly fee

Turkey$2.5 millionRegulation and legal issues
Closed2017 – 2019

ŞefGibi

The Turkish start-up sending weekly meal kits with recipe cards and pre-portioned ingredients

TurkeyBusiness model failed
Closed2011 – 2018

1V1Y (Bir Varmış Bir Yokmuş)

The private shopping site set up jointly by some of Turkey's best-known retail brands

TurkeyMacroeconomic crisis
Closed2006 – 2018

BuldumBuldum.com

An e-commerce site selling personalised products and quirky gifts

Turkey$6 millionRan out of cash
Closed2014 – 2018

Pondr

The Turkish social app that let you put two photos side by side and ask your followers to choose

Turkey$1 millionLost to competitors
Closed2017 – 2018

Setmoda

The fashion site that suggested outfits to match the shopper's mood and sold them as sets

TurkeyLost to competitorsCorporate product
Closed2000 – 2018

Sobee

The pioneering games studio behind Turkey's first MMORPG, İstanbul Kıyamet Vakti

TurkeyAcquired and shut down
Closed2014 – 2018

Webnak

The freight platform that matched shippers with lorry drivers through a mobile app

TurkeyNo market needCorporate product
Closed2014 – 2017

Bukoli

A Borusan venture that delivered online orders to neighbourhood shops and smart lockers

TurkeyBusiness model failedCorporate product
Closed2011 – 2017

Butikbebe.com

The Turkish private shopping site selling products for mothers, mothers-to-be and babies through campaigns

TurkeyBusiness model failedCorporate product
Closed? – 2017

Fotokritik

The Turkish-language photography community where photographers shared their work and critiqued each other

TurkeyLost to competitors
Closed2013 – 2017

GüvenRehberi

The Turkish SaaS start-up that rated the trustworthiness of online shops through customer reviews

TurkeyNo market need
Closed2016 – 2017

Kidimami

The marketplace where families bought and sold new and lightly used baby and children's products

TurkeyBusiness model failed
Closed2014 – 2017

Nuvo

Yapı Kredi's branchless, fee-free digital banking brand for young people

TurkeyLost to competitorsCorporate product
Closed2013 – 2017

Papyon

Yemeksepeti's restaurant discovery and online table booking platform

TurkeyAcquired and shut downCorporate product
Closed2015 – 2017

TheFork Türkiye

The Turkish version of TripAdvisor's online restaurant booking and discount platform

TurkeyNo market need
Closed2011 – 2016

Annelütfen

A vertical e-commerce site selling mother, baby and children's products, which also tried a subscription model

Turkey$4 millionBusiness model failed
Closed2004 – 2016

Bilio.com (Ucuzu.com)

A price comparison site born as Ucuzu.com that was renamed Bilio under Naspers

TurkeyBusiness model failed
Closed2014 – 2016

BolBol

The food-ordering platform from the founder of Çiçeksepeti that charged restaurants no commission

TurkeyLost to competitors
Closed2012 – 2016

EVT Motor (EVT S1)

The home-grown, 100 per cent electric sports car start-up developed at Hacettepe Teknokent

TurkeyRan out of cash
Closed2012 – 2016

incir.com

The platform that let anyone open a virtual shop in a few clicks and sell on commission without holding stock

TurkeyRan out of cash
Closed2010 – 2016

İndirdik.com

The Turkish deals site selling quirky products at a discount, first known as Bendeİstiyorum.com

TurkeyBusiness model failed
Closed2012 – 2016

Kliksa

Sabancı Holding's e-commerce site selling everything from technology to personal care

TurkeyRan out of cash
Closed2012 – 2016

Phorm Türkiye

A company that used internet provider data to target ads based on browsing habits

Turkey$10.8 millionRegulation and legal issues
Closed2012 – 2015

Arabulvar

A general e-commerce site and marketplace launched in Turkey by Limango, part of Otto Group

TurkeyBusiness model failed
Closed2011 – 2015

Dakick

The social time guide that recommended events based on the artists, teams and venues you followed

TurkeyAcquired and shut down
Closed2010 – 2015

Evim.net

A vertical e-commerce site for home decor that raised $5 million

Turkey$5 millionRan out of cash
Closed2012 – 2015

Giggem

The LinkedIn-style social network connecting musicians with the music industry

TurkeyTeam problems
Closed2012 – 2015

irmik.com

A B2B marketplace where restaurants bought food and operating supplies in bulk

TurkeyAcquired and shut downCorporate product
Closed2009 – 2015

Limango Türkiye

The Turkish private shopping site of Limango, part of Germany's Otto Group

TurkeyLost to competitors
Closed2012 – 2015

Lokum.com

Yemeksepeti's online shop for regional and artisan food

TurkeyBusiness model failedCorporate product
Closed2010 – 2015

Şehir Fırsatı (Groupon Türkiye)

Groupon's Turkish brand, a daily deals site selling vouchers for restaurants, spas and events

TurkeyBusiness model failed
Closed2004 – 2014

Céidot Oyun Stüdyoları

The pioneering Ankara game studio behind Hükümran Senfoni and Umaykut

TurkeyRan out of cash
Closed2013 – 2014

Metrekare.com

A mobile-first, next-generation property listings site with neighbourhood-level price analysis

TurkeyLost to competitors
Closed2013 – 2014

Tablet Seminerler

A short-course platform that sold expert seminars online and delivered them in person

TurkeyTeam problems
Closed2012 – 2014

Youlike

The dating site and social network that matched people by what they love and loathe

TurkeyFailed pivot
Closed2010 – 2013

BenVarım

Turkey's first home-grown crowd-giving platform, helping NGOs raise donations through social media

TurkeyTeam problems
Closed2011 – 2013

DayBuyDay

A private shopping site founded as a partnership between Hepsiburada and Cem Hakko, which launched with Vakko

TurkeyAcquired and shut down
Closed2012 – 2013

DesignLocks

An online shop offering different, original design products every day

TurkeyNo market need
Closed2012 – 2013

Gamoba

A vertical e-commerce site selling PC and console games, gaming accessories and electronics

TurkeyLost to competitors
Closed? – 2013

Gaxxi

A home-grown Turkish content management system offering paid blog and website hosting

TurkeyAcquired and shut down
Closed2012 – 2013

Goboti

The e-commerce site selling one designer T-shirt a day from Turkish designers

TurkeyBusiness model failed
Closed2012 – 2013

Gurunzi

The curated shopping site selling, at a discount, products that celebrities had tried and recommended

TurkeyRan out of cash
Closed2011 – 2013

Memurfoni

A group-buying site offering discounted deals to members of Memurlar.net

TurkeyBusiness model failed
Closed2011 – 2013

Pakette

The Turkish e-commerce site that sold one discounted product a day, with free shipping on three

TurkeyBusiness model failed
Closed2012 – 2013

StilSOS

The social fashion showcase that presented products from different brands and designers as outfits

Turkey$230KBusiness model failed
Closed2010 – 2013

VIPDükkan

One of Turkey's first flash-sale sites, a branded-goods discount club that grew on TV advertising

Turkey$5 millionRan out of cash
Closed2012 – 2012

Bamarang Türkiye

Rocket Internet's Turkish site selling design products through flash sales

TurkeyBusiness model failed
Closed2011 – 2012

Evimister

The vertical e-commerce site selling everything from home decor to home electronics

TurkeyBusiness model failed
Closed2012 – 2012

Fyonk

A social gifting app that let people send friends gift vouchers on their Facebook birthdays

TurkeyNo market need
Closed2008 – 2012

Monster Türkiye

The Turkish job listings and CV platform of the global careers site Monster

TurkeyLost to competitors
Closed2005 – 2012

Pabbuc.com

A shoe and bag shop remembered as Turkey's first online shoe retailer

TurkeyTeam problems
Closed2011 – 2012

Saklışehir

A group-buying site offering traditional experiences to conservative users

TurkeyNo market need
Closed2006 – 2012

Sosyomat

A home-grown, tag-based Turkish social network founded before Facebook caught on in Turkey

TurkeyLost to competitorsCorporate product
Closed2011 – 2012

Sporena

The Turkish vertical e-commerce site selling sports shoes, clothing and accessories

TurkeyBusiness model failed
Closed2010 – 2012

Vimjo

A Turkish e-commerce site that set out to bring personal care and health products together in one place

TurkeyRan out of cash
Closed2012 – 2012

Zidaya

The shoe, clothing and accessories site Rocket Internet set up in Turkey

TurkeyBusiness model failed
Closed2008 – 2011

İçkisepeti

The Istanbul site that delivered alcohol to your door in about half an hour, 24 hours a day, 7 days a week

TurkeyRegulation and legal issues
Closed2005 – 2010

Hemalhemsat

A Doğan Group marketplace connecting individual sellers and shops with buyers

TurkeyBusiness model failedCorporate product
Closed2007 – 2009

Bravoo

The online directory, local search and advertising platform connecting small businesses with consumers

TurkeyMacroeconomic crisis
Closed2003 – 2009

Koysepete

An Ankara-based shopping site selling everything from computers to home textiles in instalments

TurkeyMacroeconomic crisis
Closed2005 – 2009

Teketek

A technology distributor's shopping site, focused on computers and electronics

TurkeyBusiness model failedCorporate product
Closed2005 – 2009

Yeterkiiste

The technology-focused online shop set up as an affiliate of İş Bankası

TurkeyBusiness model failedCorporate product
Closed1998 – 2008

Estore

One of Turkey's first general online shopping sites, an e-store that also sold on television

TurkeyRan out of cashCorporate product
Closed2007 – 2008

Tio

The shopping guide that compared prices and let you buy from different shops with a single account

TurkeyRan out of cashCorporate product
Closed2000 – 2008

Weblebi.com

One of Turkey's first generation of general online shopping sites

TurkeyRan out of cash
Closed2023 – 2025

Pilavyer Software

Turkish software company

Turkey
Closed1992 – 2021

Onur Air

Turkish airline

Turkey
Closed2012 – 2016

Tvyo.com

Consumer apps

Turkey
Closed2005 – 2014

Céidot Game Studios

Video game development company

Turkey
Closed1999 – 2014

Tiglon

Media and entertainment

Turkey

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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.