Comarket, a B2B marketplace dedicated to the Romanian hospitality industry, is acquiring 51% of the shares of the Harta Producatorilor Locali platform, a project initiated by two young Romanian students, Andrei-Leonard Ilie and Mihail Feraru.
Harta Producatorilor Locali is a platform that facilitates interaction between consumers and local producers in Romania. Currently, approximately 550 producers are registered on the platform, according to StartUpCafe.
Comarket will offer the suppliers registered on the platform the opportunity to promote their products to the hospitality industry as well.
The Comarket platform has so far attracted €80,000 in funding during the first phase of its listing on Seedblink, following an initial investment of €100,000 by the founders.
The founders estimate that the company’s valuation will reach €2.5 million after the first year of operation and €5 million two years after its launch.
Currently, Comarket’s valuation has reached €1 million after the platform became operational. Comarket currently has about 4,000 products listed on the platform. Additionally, approximately 70 restaurants, cafes, and hotels have registered on the platform. The Comarket executive team includes the company’s three co-founders: Florin Maxim, an entrepreneur with 20 years of experience in the hospitality industry; Eugen Zbircea, an executive with 25 years of active experience in retail at the C-level; and Daniel Nanboe, an IT entrepreneur with over 20 years of experience in B2B projects.
Frequently Asked Questions
What is the Comarket platform?Comarket is a B2B marketplace dedicated to the Romanian hospitality industry, facilitating transactions between suppliers and HoReCa operators.
What is Harta Producatorilor Locali?It is a platform that connects consumers and the industry with over 550 local producers in Romania, facilitating access to domestic products.
What is the estimated valuation of Comarket?After the first year of operation, the founders estimate a valuation of €2.5 million, reaching €5 million two years after the launch.