Advance Capital announces completion of a Series C round for Borzo (ex-Dostavista), a global digital delivery service
/ 2021 Пресс-релиз
Advance Capital is pleased to announce the completion of the Series C investment round for Borzo (ex-Dostavista), a global delivery platform enabling same day delivery in 10 countries. Investors in this round were Russian Direct Investment Fund (RDIF), Mubadala (UAE sovereign wealth fund), as well as the current shareholders – Vostok New Ventures (VNV) and number of other investors.
Funding will be directed toward global expansion and achievement of the company’s long-term goal – becoming one of the leaders in the Asian and Latin American markets.
Advance Capital acted as the exclusive financial advisor of Borzo. Size of this investment round totaled $35 million.
Mike Alexandrovsky, founder of Borzo:
«By closing this latest investment round, we continue to move towards our strategic goal – becoming one of the leading companies in each of the markets we operate in. We are convinced that to achieve this goal, it is essential to keep operational synchronicity and integrity of the company's brand, which is why we have carried out this rebranding».
Dmitry Kasyanenko, Managing Director at Advance Capital:
«Dostavista is a unique company as it has managed to develop a product, which enjoys high demand in 10 countries in four regions (including such large and competitive markets as Brazil and India). We were pleased to have helped the founders and investors of previous stages in choosing the most suitable investor and closing this important transaction on the way to further global expansion».