Boontar
E-commerce streaming and local marketplace platform.
| Date | Investors | Amount | Round |
|---|---|---|---|
$10.0m | Seed | ||
| Total Funding | 000k | ||
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Boontar, registered as OOO Buntar, operates as a multifaceted technology company, initially focusing on high-tech LED screen distribution before pivoting to software development. The company is led by President and founder Sergey Prokopopov. In 2016, the company launched Boontar.Live, a streaming e-commerce platform. Through this platform, it facilitated the promotion of several book projects to large audiences.
The company received seed funding in August 2016 and a grant in January 2018. It was also the only Yakutian IT company to receive investment from the Internet Initiatives Development Fund (IIDF). However, according to PitchBook data, the company is now out of business as of March 2021.
Since 2022, the company has been developing Boon Market, a marketplace for local goods and services, which started in the Yakutia market. Boon Market aims to be a "people's marketplace" featuring local products. The business provides sellers with digital tools, including the Boontar Shopper mobile application for order management and a seller portal for store administration on the Boon Market platform. The company's business model for this service involves charging sellers for access to an educational program, Boontar Seller, to begin selling on the marketplace.
Keywords: e-commerce platform, live streaming shopping, local marketplace, online retail, digital retail tools, seller services, order management application, marketplace administration, Russian technology, Yakutian startup