Project A Sells Evino Earning Double-digit Million Exit Proceeds

evinoBerlin, Germany-based Project A recently announced the exit of Evino, a Sao Paulo, Brazil-based wine e-commerce company.

The details about the purchase price or the buyer were not disclosed but Project A will receive exit proceeds in the double-digit million range.

Evino’s founders Ari Gorenstein and Marcos Leal will remain with the company, which has been profitable in 2015 and has been focusing on growth since then, showing a current revenue rate of more than €50m.

Evino is specialized in importing and selling European wines. In the exclusive online store, customers are offered a broad and weekly changing assortment of premium wines. Alternating, limited and thematically oriented flash sales offer a variation chosen premium wines.

The company has 250 employees, 600.000 active customers, an innovative inhouse logistics infrastructure spreading over 6,000 m².



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