“The company’s share capital increase comes at a time of fast growth for elefant.ro and shows the unconditional support this project has among shareholders,” said Dan Vidrascu, executive manager of elefant.ro.
elefant.ro had a turnover of EUR6.5 million in 2013, up 80% on the year.
“2013 was a year of transformations and elefant.ro turned from the biggest online bookstore in Romania to an online shopping mall offering over 130,000 family-oriented products. 2014 will certainly bring growth, especially as we diversify our product range and post-sale services,” Vidrascu said back in February.
The online store currently sells more than 200,000 products and is accessed by more than 2 million users a month. elefant.ro is a project developed by investment fund Fribourg Capital, controled by businessman Ion Sturza, a former prime minister of the Republic of Moldova.