World

Prague-based online grocer Rohlik Group, the first Czech unicorn, announced this summer that it had successfully raised 160 million euros in fresh growth capital. The investment was led by the European Bank for Reconstruction and Development (EBRD), alongside existing investors Sofina, Index Ventures, Quadrille, and TCF Capital and complemented by growth capital funding from the European Investment Bank (EIB) under its Scale-Up

In the first half of this year, Poznan-headquartered retailer Zabka opened 577 new stores bringing the chain’s total number of outlets to over 8,500. More than 7,200 are operated by franchisees, which the company says is contributing significantly to the development of micro- and small businesses in Poland. “We continue our development – not only are we opening more sites, but we

Croatian entrepreneur Mate Rimac, the founder and CEO of electric supercar producer Rimac Automobili, has invested in Gruntek, a local innovative agri-digital project. Gruntek (a diminutive of the local term for an estate, a farm) has developed an app allowing Croatians to rent small allotments. These plots are cultivated by professional gardeners who guarantee the tenants fresh, organic vegetables. Through the app,

British fintech Revolut says that Romania has become its second-biggest retail market globally, after the UK. Moreover, the $33 billion company states that Bucharest has the highest concentration of Revolut users in the EU, as one in three working-age inhabitants uses the financial superapp. Since its launch on the Romanian market in May 2018, when only 9.7% of the Romanian population used internet banking,