As Russian e-commerce, boosted by the pandemic, is breaking records, service and solution provider PIM Solutions has just received a capital injection of 100 million rubles ($1.3 million at today’s exchange rate) from business angel Dmitry Zobnin.
The valuation of the company has reached 2 billion rubles (around $26 million), as Zobnin received a 5.13% stake in the company, as reported by Rusven.
Previously known as PimPay, the company was founded in Moscow by Evgeny Chernov in 2013. It provides online stores with a variety of IT services and solutions for financial management and logistics optimization.
PIM Solutions claims its services have been used by more than 40,000 online stores in total so far. In 2020, these companies sent some 60 million orders across the country. PIM’s systems are integrated with over 30 delivery and self-pick up services, including Beta Pro, Boxberry, PickPoint, Russian Post, SDEK, SPSR, TopDelivery.
In 2018 the IIDF invested 200 million rubles (around $3.1 million at that time) in the startup.
