MOSCOW, July 16Russian-Chinese B2B digital trading platform Kifa is considering one or two corporate acquisitions for inorganic growth, said Kyle Shostak, deputy chairman of the company’s board of directors.
«We have ideas for one or two corporate acquisitions. Here we are looking at targets where we see synergies in the customer base, maybe in logistics, in order to expand our growth in a slightly inorganic way,» he said during the presentation company, which took place at the international multimedia press center «Russia Today».
According to company materials, investment program » Kifa» is estimated at 1.7 billion rubles, of which 300 million rubles are earmarked for M&A transactions for the purpose of inorganic growth in key categories and expanding the customer base.
The company's investment program also includes the construction of hubs for export and import to optimize supply chain management, strengthen its influence in the regions and attract new local customers. This article of the investment program is estimated at 800 million rubles.
The company is investing another 400 million rubles in its investment program to expand its team of specialists. “We have a rapidly growing team, which consists of specialists who understand first-hand and have been working between Russia and China for a long time. We will aggressively continue to expand our team, invest in talent and thereby attract new clients and suppliers,” said Shostak.
In addition, the company will continue to expand the IT functionality of the platform to improve user experience and strengthen customer loyalty. This expense item is estimated at 200 million rubles.
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