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Russian investors bought a stake in Swedish food delivery company Vembla

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Russian investors bought a stake in Swedish food delivery company Vembla

Lithuanian fund with Russian roots Cats.vc and a group of Russian investors invested 1.3 million euros in the Swedish food delivery startup Vembla, Vedomosti reports citing a representative of the fund.

According to the publication, the investors include Leonid Dovladbegyan, managing director of online hypermarket Vprok.ru Perekrestok, Maxim Ivenin, director of logistics at Yandex.Food, Andrey Tsitsenko, former head of Delivery Club and Pandao, business angel Dmitry Shklyar and others. They received a minority stake in the company of less than 20%.

Vembla will invest in creating its own network of retail outlets in the dark store format in Stockholm to reduce delivery time to 15-30 minutes. Within 2-3 years, the company plans to launch operations in seven cities and increase revenues to more than €50 million a year. Vembla also intends to enter the markets of Sweden's neighbouring countries.

Investors believe that Vembla will become a "unicorn" in three years, that is, the company's capitalization will exceed $ 1 billion. According to the representative of Cats.vc, the current round is a bridge round before the round of 5-10 million euros in the next year. According to investors, the company has the potential to grow revenues by 80% per quarter.

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    Author: Karina Kamalova

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