Ukraine-based Horizon Capital's Rozetka bolts on Evo

The merger enables the united platform to expand its product offering, and provide local SMEs with an improved internet marketplace experience.

Ukrainian GP Horizon Capital acquired a stake in e-commerce business Rozetka in 2015 via Emerging Europe Growth Fund II, a 2008-vintage $390m vehicle targeting opportunities in Ukraine, Moldova and Belarus.

At the time of the investment, Rozetka was planning to consolidate its position in the Ukrainian e-commerce market. The funding will also be used to support further growth in the region.

Founded in 2005 in Kiev, Rozetka is an e-commerce retailer in Ukraine, providing goods including laptops, smartphones, toys and fishing rods. It also sells train and airline tickets.

Company
Founded in 2008 and based in Kiev, Evo is the internet company behind one of Ukraine's largest e-commerce platforms, Prom.ua.

It also manages the platforms Satu.kz, Deal.by, Bigl.ua, Zakupki.Prom.ua, Crafta.ua, Kabanchik.ua, Vchasno.com.ua and Shafa.ua, among others. The business employs 900 people.

People
Horizon Capital – Lenna Koszarny (founding partner, CEO).
Rozetka – Vladyslav Chechotkin (founder, CEO).
Evo – Mykola Paliienko (co-founder, CEO).

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• Topics
• Expansion
• CEE
• Technology
• Consumer
• Ukraine
• Build-up