Azbuka Vkusa, Russian chain of high-end grocery stores, invested $443 thousand in Biolink.Tech, UK-registered developer of the Otri app, which provides nutritional advice based on the user's medical analyzes. Azbuka Vkusa became a minority shareholder of Biolink.Tech with a 4.49% share and has integrated grocery delivery from its stores into the Otri app.
Biolink.Tech will use the funds raised from the retailer for marketing, product development and expansion of the technical team. The company also plans to further develop its app through an artificial intelligence-based product recognition tool.
The Central Bank of the Russian Federation