Inner Chef, an Indian adaptation of the US service Blue Apron, has raised $1.7 million from Kyiv (Kiev), Ukraine-based fund TA Ventures and several business angels. These include Boris Ryabov, managing partner of Russia-based venture fund Bright Capital, as well as Indian entrepreneurs Phanindra Sama, Vijay Shekhar Sharma, Anupam Mittal Vishal Gondal and others.
Last week the Ukrainian parliament adopted a long-awaited law to regulate electronic transactions in the countries. The law will essentially guarantee equal legal status and guarantees for electronic and traditional transactions. The new law provides a legal definition to such terms as “electronic transaction,” “electronic message,” and “Internet store,” the latter being described as “a method of …
New law aims to regulate e-commerce and protect consumer rights Read More
Earlier this month Kyiv-based TA Ventures took part in a €2.3 million round of funding for Stylelounge, a German startup which operates a metasearch engine for clothing and lifestyle products. Also participating in the round were Axivate Capital, ASTUTIA Ventures as well as several business angels and family offices, according to CrunchBase and other media reports.
The legal firewall blocking access for Ukrainians to international banking and online payment systems is set to come tumbling down as the National Bank of Ukraine removed a number of barriers in cross-border payments and commerce. E-payment systems like PayPal can now fully operate in Ukraine. Previously, Ukrainians could purchase goods abroad using PayPal, but it …
Central bank widens road for cross-border payments and commerce Read More
E-commerce Trends 2015, a major e-commerce event in Poland, will hold its 6th edition at the Businessmen Institute in Warsaw on September 22-23. Highlighting the most important aspects of e-trade including cross-border trade, mobile commerce, modern logistics, payment and marketing services, the event will bring together key players from Central and Eastern Europe offering services and solutions for online shopping. …
Warsaw event to highlight latest e-commerce trends in Central and Eastern Europe Read More
Yesterday the Emerging Europe Growth Fund II (EEGF II), a mid-cap private equity fund managed by Kyiv (Kiev)-based Horizon Capital, announced the acquisition of a stake in Rozetka, a leading Ukrainian e-commerce company. The financial details of the deal were not disclosed, but speculations appeared in the media that Rozetka’s valuation could amount to anything between $200 and $700 million, …
Horizon Capital invests in leading Ukrainian e-commerce site Rozetka Read More
In 2014 — three years after successful launch on the Russian market — footwear and clothing online retailer Lamoda entered the Ukrainian market. In spite of the political and economic turmoil, the Rocket Internet creature has asserted itself as one of the country’s main e-commerce companies. Its general manager, Poland’s Andrzej Malinowski, unveiled his strategy …
Earlier this year Austrian firm Tender Service Group launched a new version of its online resource, Tendery.ua, which allows Ukrainian companies to bid for private and public tenders in 20 European countries. According to Ukrainian tech blog AIN.UA, Tendery.ua offers the largest database of tenders in Ukraine and Europe, providing access to no fewer than …
Austrian firm helps Ukrainian IT companies access tenders across Europe Read More
A growing demand for making office tasks easier to manage has been spotted by Oleksandr Gudkov and Andriy Zhyvolovych, co-founders of online service TOPES where office supplies can be ordered. The service was developed and launched in 2013, using $15,000 of founders’ personal savings. Around 60 Ukrainian companies use it now. Polish and Kazakhstani versions …
TOPES online service helps in managing office life Read More
PROM.UA, a major B2B and B2C marketplace owned by Poland-based Allegro Group, has acquired Metnis Kabanchikom, an online service that allows users to post work requests and find people to complete the tasks. According to Ukrainian tech news site AIN.UA, negotiations regarding the acquisition began last autumn and were concluded last week. “As part of …
Online marketplace PROM.UA acquires platform for personal service classifieds Read More
While the concept of fulfilling online orders by bike was introduced in New York City by Amazon and Uber only within recent months, it already has early practitioners in Ukraine. Founded in November 2014 by entrepreneurs Daniel Tonkopiy and Sergey Danylenko, DelFast delivers goods weighing up to 7kg by electric bicycles for online retailers and …
Ukrainian entrepreneurs secure $250,000 to develop e-commerce delivery by bike Read More
Ukrainian Post, the national postal operator, intends to speed connections with the United States and United Kingdom for cross-border e-commerce shipments, the online business publication Delo.ua reported last week. The Post’s general manager Mikhail Pankiv noted increasing interest among Ukrainians towards online purchases from abroad, with shoppers primarily looking towards companies from China, the UAS and …
Ukrainian Post to speed delivery of purchases from the UK and US Read More
