E-commerce

Drug delivery platform Liki24 raises $5 million round from Horizon Capital

The medicine delivery platform Liki24 has just announced the completion of a $5 million round of funding from Horizon Capital, the leading private equity firm in Ukraine and Moldova. The company will use the money to expand to new markets, starting from Poland.   Liki24.com is a marketplace aggregating offers from thousands of pharmacies and facilitating …

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US fines Amazon for Crimea orders

Businesses face hefty penalties for operating on the Crimean peninsula, following its annexation by Russia in 2014 — a move deemed illegal by much of the international community and which resulted in the U.S., EU and other western countries placing stringent sanctions on Russia and barring firms from being active or investing on the peninsula. …

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Horizon Capital invests in leading perfume and cosmetics online retailer Makeup

Horizon Capital, a US-registered, Kyiv (Kiev)-based fund manager, announced an investment in Ukrainian perfume and cosmetics online retailer Makeup. Launched in 2009 году, Makeup is now one of the leading online retailers in its field. Its site features more than 200,000 items from more than 2,000 suppliers. It has activities in a dozen of European …

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Valued at $10 million, Ukrainian fashion marketplace plans to develop across Europe

The Ukrainian fashion marketplace Love&Live has attracted funding for the second time from SMRK VC. The amount of the deal was not disclosed, but the company was valued at $10 million, as reported by local tech blog AIN.UA. Love&Live needed fresh money to strengthen its positions on the domestic market and develop on the Polish market, …

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E-commerce company Zakaz.ua secured €5 million from Chernovetskyi Investment Group

Zakaz.ua, an online service to order from popular grocery chains, secured €5 million in February from Chernovetskyi Investment Group (CIG). No public announcement was made, but the deal appeared on CrunchBase. The company was founded in 2010 by Ukrainian entrepreneur Yegor Anchyshkin – whose first startup, Viewdle, was acquired by Google in 2012. In 2014, Zakaz.ua …

E-commerce company Zakaz.ua secured €5 million from Chernovetskyi Investment Group Read More

Zakaz.ua launches online grocery deliveries in Moldova

Last week Zakaz.ua, Ukraine’s largest online grocery delivery operator, announced the launch of its service in Chisnau (Kishinev), the capital of neighboring Moldova. The company will operate there in partnership with wholesale chain Metro. In its native market Ukraine, the service currently operates in Kyiv (Kiev), Dnipro (Dnepr), Lviv (Lvov), Kharkiv (Kharkov), Odesa, Zaporizhzhia, Zhitomir, Vinnytsia. …

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Menu Group acquires Eda.ua, Ukraine’s leading food delivery company

Last week  Menu Group, a UK-registered food delivery startup operating in Armenia, Georgia, and Belarus, announced it was completing of the acquisition Eda.ua, the leader in Ukraine. The terms of the deal were not disclosed. The Eda.ua team – currently 40 people – will join Menu Group’s local platform Menu.ua, which will launch this fall, …

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Intertelecom, AliExpress launch marketplace in Ukraine

Ukrainian mobile operator Intertelecom, one of the two CDMA operators in Ukraine, and AliExpress, a subsidiary of Chinese giant Alibaba, have launched a joint marketplace in Ukraine, the company said in a press release. Intertelecom and Alibaba signed their partnership agreement back in spring 2019. Dubbed ‘IT Market,’ the marketplace features products and services offered by …

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Online drug marketplace Liki24 raises $1 million from venture funds, business angels

Liki24, a Kyiv-based drug delivery service, has attracted $1 million in funding in its first investment round, Ukrainian tech blog AIN.UA reported. The round was led by two Ukrainian investors — TA Ventures, one of the largest and most active Ukraine-based VC firms, and Genesis Investments. Part of the funding was also provided by Michael Puzrakov, co-founder of …

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Ukrainian startup UATAG offers inexpensive solution to combat global counterfeiting

UATAG, a startup based in Lviv (Lvov) in Western Ukraine, has developed an effective and inexpensive solution to combat counterfeiting of products and works of art. The solution relies on a physical tag linked to a blockchain ledger. The tag uses a piece of shattered glass, which is photographed and then added to a blockchain …

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New law makes Ukrainian language mandatory for local websites, e-merchants, software publishers and distributors

Almost 28 years after Ukraine’s declaration of independence, and five years after a quasi-state of war with Russia, a new law imposes the use of the Ukrainian language in all B2C communications in the country. Signed by outgoing president Petro Poroshenko on May 15, the law will  come into effect progressively within three years after its official publication …

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