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Ukraine

Ukrainian startup 3DLook raises 5.5 million euros

Ukrainian startup 3DLook raises 5.5 million euros

3DLook, a company from Ukraine that offers mobile body measuring and fit solutions, has announced a Series A round of funding that's worth 6.5 million dollars (5.5 million euros). With this money, 3DLook wants to expand its US team and establish new research & development labs in Western Europe.

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Visual fitting room AstraFit launches new widget

Visual fitting room AstraFit launches new widget

The Ukranian company AstraFit, which offers an online fitting room that can be implemented in ecommerce websites, has launched a new version of its widget. With this tool, online fashion retailers should be able to increase their conversion as customers are now better able to choose the right size.

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‘Western retailers stay away from Ukraine’

‘Western retailers stay away from Ukraine’

Several European retailers aren't doing business in Ukraine, but there are online startups who sell these companies' goods in the Eastern European country. IKEA for example doesn't have an ecommerce site for Ukrainian consumers, so these people are now being helped by unsanctioned resellers.

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Groupon shuts down in 4 European countries

Groupon shuts down in 4 European countries

Groupon closed the doors of 4  European websites. After closing its operations in Greece, Turkey and the Nordic countries, the American ecommerce marketplace is now shutting down in Ukraine, Portugal, Switzerland and Austria. Since yesterday, these websites no longer offer customers interesting deals from local retailers.

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Ukraine opens up to ecommerce

Ukraine opens up to ecommerce

Ukraine is finally opening up to the online retail business. The parliament and the Central Bank have recently adopted measures to facilitate online transactions. As a direct result Ukrainians can now use the popular payment service PayPal.

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Eastern European ecommerce attracts investors

Global investors are looking with increasing interest to the ecommerce industry in Eastern Europe. The growth and trends in this region attracts the attention of international ecommerce players and investors. For example in Turkey, there's a raised interest of investors, mostly in the clothing sectors.

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Eastern European ecommerce to grow to €19,3bn

The ecommerce market of Eastern Europe may be the smallest of the four European regions, it has seen in fact the biggest growth in terms of percentage. Because with an average growth rate of 35.7% over the year 2012, this ecommerce market was the strongest growing region in Europe that year.

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