Mallstreet.ru, a Russian online retailer founded in 2009, secured an undisclosed investment from West European early-stage venture funds. The operation took place in the summer of last year, but was disclosed by industry blogger Yakov Sadchikov only last week.
Among the investors are Kima Ventures, founded by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, and Amsterdam-based Amber Venture Partners.
Also participating is Fabrice Grinda, a French ‘super angel’ who previously invested in Russian startups including travel site Oktogo.ru and e-commerce platform Wikimart.ru as well as Babyboom.ru, a site specializing in children’s goods which went bankrupt recently.
Mallstreet.ru’s diverisfied product offerings include portable electronics, home equipment, things for the home and garden, computers, cosmetics and fitness products, children’s goods, and others.
The site serves Moscow, St. Petersburg and a dozen cities of the European part of Russia. It claims to be “the first online store in Russia that not only competes on price, but also provides customers with professional advice as well as high-quality delivery and aftersale service.”
- RUSSIAN E-COMMERCE REPORT 2012 – The total volume of Russian online retail reached 310 billion rubles, a little more than $10 billion, in 2011, up 25% from the previous year. EWDN’s research study of Russian e-commerce will be available soon. To receive free insights or to order the full version, please contact us at [email protected].
