Vchasno Group, a Ukrainian IT product company group, has invested in Hippo.uz, an Uzbek platform focused on business process automation. The Vchasno Group team reported the deal to Scroll.media.

• The investment totals $1 million, though Hippo’s valuation has not been disclosed.
• The funds will be used to scale the business, launch new products and features, and expand Hippo.uz’s customer base.

Hippo’s platform integrates electronic document management, warehouse automation, and data exchange between suppliers and retailers. With Vchasno Group’s expertise, Hippo plans to implement proven digital practices to automate trade and warehouse operations. This partnership will also help the company optimize costs and make processes more predictable, even across large retail chains.

«We studied various markets and concluded that Uzbekistan is showing rapid growth in the digital business services category. We’re investing in Hippo because we see a strong team, products that are in high demand, and the potential to become a local leader with the support of our experience and resources,» said Mykola Paliienko, co-founder and CEO of Vchasno Group.

Why it matters: Beyond the investment itself, the deal highlights Vchasno Group’s strategic expansion into the Asian market as a new frontier for business growth. Paliienko makes it clear that the move is part of a broader strategy — not only to scale within Ukraine but also to identify promising tech services abroad and strengthen the company’s expertise through collaboration.