REUTERS
Horizon Capital, a U.S. private equity fund manager, has announced an investment in Ukraine's largest e-commerce platform, rozetka.ua, according to Ukrainian Economy Minister Aivaras Abromavicius.
"Horizon Capital, which is an American private equity fund manager, has announced an investment in [the analogue of] Amazon.com of Ukraine, which is called rozetka.ua, the largest e-commerce platform in our country," Abromavicius said at the U.S.-Ukraine Business Forum in Washington, DC, on Monday.
As UNIAN reported earlier, the e-commerce market in Ukraine in 2014 shrank to $1.6 billion, which is 20% down from to 2013.
The list of the leading Ukrainian e-commerce businesses in terms of their market share in 2014 included 13 online stores: Rozetka with 37.9%, ALLO with 10.6%, Fotos with 6.6%, Foxtrot with 6.6%, Mobillak with 4.9%, Comfy with 3.7%, Citrus and Eldorado with 3.7% each, Fotomag with 2.9%, Sokol with 2.3%, Deshevshe with 2%, Repka.ua with 1.4%, and FoxMart with 1.1%.
UNIAN's memo. Horizon Capital is a private equity fund manager that originates and manages investments in mid-cap companies with outstanding growth and profit potential in Ukraine and the region. Currently, Horizon Capital manages three funds, Emerging Europe Growth Fund II (EEGF II), Emerging Europe Growth Fund (EEGF) and Western NIS Enterprise Fund (WNISEF), with over $600 million under management.