The European Bank for Reconstruction and Development has provided supermarket chain Varus with a second $10 million financing tranche under its total $25 million credit line. The company said on April 3 that the funds will be used for further network expansion, including the opening of new stores, as well as for strengthening business resilience.
Varus received the first tranche in July 2025, when the amount totaled nearly UAH 630 million. That financing was provided as part of a food security support project. Importantly, the funding is backed by a first-loss risk cover under the EU’s Ukraine Investment Framework, which helps mobilize investment despite wartime risks.
Varus is a national supermarket chain operating in the Ukrainian market and owned by Omega. The first store opened in Dnipro in 2003. As of 2025 year-end, the chain operated 118 stores across the country and employed more than 8,000 people. In addition, the company runs a DarkStore format in Kyiv, a dedicated facility for servicing online orders.
The chain operates in several formats: classic supermarkets, compact To Go stores, and an online shopping platform.
Omega, the company behind the chain, is registered through the Cypriot structure Weigant Enterprises Limited. The ultimate beneficial owners are Valeriy Kiptyk and Ruslan Shostak.
From a financial standpoint, the company continues to show growth. In 2025, turnover increased by nearly 20% to UAH 28.8 billion, according to Interfax-Ukraine, while the user-provided draft cites revenue of UAH 24.1 billion and net profit of UAH 43.1 million. I could confirm the turnover figure from published reporting, but I did not find a reliable public source in this search for the UAH 24.1 billion revenue and UAH 43.1 million net profit figures.
Part of the attracted funding is being directed not only to expansion, but also to improving business efficiency through energy-efficient solutions, equipment modernization, and the development of logistics infrastructure.
