Restaurateur Alexander Sysoev invested in Dubai-based B2B service E-Rockets to work with clients

The amount of the transaction and the participation received by the investor are not disclosed. It is only known that as of March 2023, the company was valued at $12 million.

E-Rockets.io has been operational since late 2021 and enables food and beverage, beauty, and retail companies to collect tips online, launch their own online sales, issue white-label loyalty cards, and automate checkout. marketing.

According to the company’s own data, B2B clients increase their income by 25% using the service and save about 40% of the cost of commissions from local aggregators (Talabat, Careem).

Now E-Rockets.io is used by more than 150 brands on the MENA market, including Heal, Juan, Arto Coffee, Mezza house, as well as businesses of Russian entrepreneurs Angel Cakes (Alexander Sysoev also invested in this company).

E-Rockets.io operates in the United Arab Emirates, Egypt and plans to enter the markets of Saudi Arabia, Qatar and Bahrain.

The founder of E-Rockets.io is Michael Lvov, at the beginning of the service the service was called E-Tips and it focused only on online tips using a QR code. As of March 2023, E-Rockets has raised more than $1 million from 14 investors from Russia and other countries. Including the co-founder of YallaMarket Leonid Dovbenko and the managing partner of GC “Vertical” Daniil Evdokov invested in the service.

Restaurateur and private investor Alexander Sysoev also invested in Dubai express delivery service YallaMarket in February 2023.