About TurkNet
TurkNet is a company based in Kayseri (Turkey) founded in 1996 was acquired by Re-Pie in February 2021.. TurkNet has raised $27.5 million across 2 funding rounds from investors including Gulf Capital and Re-Pie. TurkNet operates in a competitive market with competitors including KPN, Hong Kong Broadband Network, Orange Polska, Cogeco and British Telecom, among others.
- Headquarter Kayseri, Turkey
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.5 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Series B
Jul 17, 2013
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Investors
Gulf Capital
& 2 more
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Employee Count
Employee Count
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Acquired by
Re-Pie
(Feb 22, 2021)
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Funding Insights of TurkNet
TurkNet has successfully raised a total of $27.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $15 million completed in July 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $15.0M
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First Round
First Round
(01 Jun 2007)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2013 | Amount | Series B - TurkNet | Valuation |
investors |
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| Jun, 2007 | Amount | Series A - TurkNet | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in TurkNet
TurkNet has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Gulf Capital and Re-Pie. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Alternative investment firm providing services in Private Equity, Private Debt, and Real Estate across Growth Markets.
|
Founded Year | Domain | Location | |
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Provides portfolio management for investment funds like real estate and securities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TurkNet
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - TurkNet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Turknet Comparisons
Competitors of TurkNet
TurkNet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as KPN, Hong Kong Broadband Network, Orange Polska, Cogeco and British Telecom, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mobile and fixed-line telecommunication services are provided across Europe.
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| domain | founded_year | HQ Location |
Provider of fibre optic broadband internet services
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| domain | founded_year | HQ Location |
Telephony, internet, and data transmission services are provided in Poland.
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| domain | founded_year | HQ Location |
Fiber-optic internet, TV, and fixed-line telephone services provider
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| domain | founded_year | HQ Location |
Provider of mobile phones and fiber broadband services for home & business
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| domain | founded_year | HQ Location |
Wireless, TV, internet, and media services are provided across Canada.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Turknet
Frequently Asked Questions about TurkNet
When was TurkNet founded?
TurkNet was founded in 1996 and raised its 1st funding round 11 years after it was founded.
Where is TurkNet located?
TurkNet is headquartered in Kayseri, Turkey. It is registered at Kayseri, Kayseri Province, Turkey.
Is TurkNet a funded company?
TurkNet is a funded company, having raised a total of $27.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12.5M, raised on Jun 01, 2007.
What does TurkNet do?
TurkNet provides internet and telephones services to consumers and businesses in Turkey. It is among the top five companies in Turkey. Previously was known as Netone, but changed to TurkNet after acquiring the brand name from Sabanci Holding.
Who are TurkNet's investors?
TurkNet has 2 investors. Key investors include Gulf Capital, and Re-Pie.