Dinlebi, Turkey’s largest audiobook platform, has secured €515,000 in funding during its second initial round.
Dinlebi plans to use the investment to expand its user base in both Turkey and foreign markets, according to a company statement.
Having been established less than a year ago, Dinlebi continues to expand its operations rapidly. The platform, which is already Turkey’s leading audiobook platform in terms of active users and the volume of its local content, is also attracting investors.
The second round was led by Adam Doman of CCW Teknoloji, and featured prominent Turkish and international investors such as Breakaway Partners, Doğan Yurttutmuş, Erdoğan Çoban, Mehmet Berke Merter and Mehmet Turgut Eltemur.
“Our first anniversary in September saw us reach a milestone with over 500,000 members and a catalog of nearly 2,000 audiobooks. As part of our new global vision, thousands of new German and English audiobooks will soon be available on Dinlebi,” said Ahmed Yaman, co-founder of Dinlebi. Our users will be able to access these addresses in multiple languages.
Dinlebi, established by Ahmet Yaman, Dundar Hezal, Erdem Celik and Cenk Gültekin, started operation in August 2020 and expanded its operations outside Turkey in March 2021. This was followed by an agreement with German Telefonica/Ay Yıldız GSM operator to reach new users outside the country.
Featuring nearly 2,000 Turkish audiobooks, from current bestsellers to timeless classics, and special titles exclusively commissioned to Dinlebi.
The global pandemic has seen a 40 percent increase in audiobook consumption in Turkey. Audiobooks make up 5 per cent of the book market in the USA, 5.7 per cent in the UK, and about 3 per cent in Germany. In comparison, Turkey’s market is currently less than 1 percent.
As a result, the domestic market has serious growth potential in the near and long term, and as one of the major players, Dinlebi offers special services to its users in Turkey and abroad.