Georgian online clothing trading platform Phubber will appear on the Ukrainian market in April. Giorgi Chugoshvili, the co-founder of the platform told BM.GE.
In addition, Georgian platform Phubber raised 300,000 USD from main developers and stakeholders of WhatsApp.
"We plan to attract investment of 500,000 USD in the recent round. A significant part will be spent on technology development, and the rest will be spent on entering the Ukrainian market. Members of Phubber management spent 2 months in Ukraine to research the local market and solve operational issues. We plan to launch Phubber-Ukraine in test mode in April. The Ukrainian market is 10 times bigger than the Georgian market. In the case of success, the company will become even more interesting for both existing and potential investors. Of course, the company continues to work on other markets as well. In this round we are working to attract another 200,000 USD from Georgian and foreign angel investors, as well as investment funds," - said Giorgi Chugoshvili.
The Georgian online clothing trading platform was launched in 2019 and today, it is the largest online clothing and footwear store in Georgia.
