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Export is the default mode for Turkish tech. With ARPU staying low and revenues locked in lira, companies that want real scale have to look beyond the domestic market. Mobile gaming leads the pack, though e-commerce, marketing software, fintech, and payments all show serious momentum. The math that makes it work is almost too simple: development and talent costs sit well below Western European benchmarks, while reaching users globally happens through the same app stores and digital channels everyone else uses. Multiples.vc ranked the country’s biggest players by valuation, with data as of 06 August 2026. Trendyol Group tops the list at $17B, an e-commerce marketplace controlled by Alibaba. At $5.8B, Odine is a public telecom software and network integration firm listed in Istanbul. Dream Games, the studio that gave us Royal Match, holds a $5B valuation. Getir, the rapid grocery delivery pioneer, and Insider, a private AI-powered marketing and engagement platform, both land at $2.5B. Peak, creator of Toon Blast and acquired by Zynga, is valued at $1.8B. Hepsiburada, the e-commerce marketplace trading on Nasdaq under NASDAQ: HEPS, sits at $1B. Loom Games, snapped up by Scopely, also reaches $1B. Midas, a private retail investing and brokerage platform, matches that $1B mark. Sipay rounds out the group at $875M, covering payments, digital banking, and embedded finance. The graphic itself sets the list against the Turkish flag and an Istanbul silhouette, a quiet nod to an ecosystem built on exporting ambition #AlibabaGroup
3mo
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