Nanolek co-founder Vladimir Khristenko sold his stake in recycling service Ubirator

Ubirator founder Nikita Nikishkin confirmed to RB.RU the fact of the sale of the stake, explaining that Vladimir Khristenko decided to focus on new projects in other business areas. The company did not disclose the name of the second participant and the amount of the transaction. Khristenko himself did not respond to the publication’s request at press time.

• Vladimir Khristenko in 2011, together with Mikhail Nekrasov, founded the Nanolek biopharmaceutical company. He has run the company since 2015.
• Seven years later, Khristenko left his position, saying that the company needs to move to a new level, which requires a different management style. The investor later called himself a “start-up man.” He stressed that his element is creating something from scratch, with maximum risk and drive.
• In 2021, Khristenko invested in the Russian service to combat burnout “Velby”, in 2022 – in the HealthTech startup Halsa and “Ubirator”.

According to the Unified State Register of Legal Entities, the investor sold his share in Ubirator to another business angel of the project, Maxim Penkin. The latter now has 1.1%.

Ubirator achieved positive EBITDA in June 2023. This helps the company remain attractive to investors. Thanks to this, there is ground for transactions on the purchase and sale of shares on the service, Nikita Nikishkin noted.

Dsight co-founder Arseniy Dabbah believes that now is not the best time for exits in general: valuations are low, investors are few and processes take a long time, Russian strategists impose additional conditions.

According to him, shares are now being sold if they want to separate Russian and foreign companies, remove uncomfortable shareholders from captableThe capitalization table details the ownership structure of business owners. It helps founders and investors make more informed decisions about the company, since the capitalization structure will become more complex as the startup grows.. And it is very rare to see when strategists consolidate the market and buy up promising companies for growth in Russia.

• Ubirator was founded in 2018 by Nikita Nikishkin, Sergey Kalitov, and Alexey Khatskevich. The platform brings together companies that need to deliver recyclable materials and artists who are ready to pick them up and take them to recycling centers. The “cleaner” removes paper residues, films, hard plastic, food residues.
• The company operates in 40 regions of Russia, among its clients are Vkusvill, Hoff, Sportmaster, Hyper Globus and Magnit. According to the company’s own data, the group’s consolidated revenue in 2021 amounted to 790 million rubles, in 2022 to 810 million rubles.
• In March 2022, the company raised 170 million rubles in round A. The TealTech Capital fund became the lead investor in the round. With the funds raised, the company has already launched the Upay service, an ERP system with the functions of a fintech platform. It was also planned to use the money to buy new own collection points for recyclables.