Itogo.ru, an online B2B and B2C seller of electronic goods and home appliances — from smartphones to microwave ovens — has raised 3 billion rubles from Lanit Ventures.
This fund, the historic investor of Itogo, is the venture arm of Lanit, a major Russian IT group.
By Russian standards, this is a sizeable amount (around $37 million at the pre-war exchange rate) — and a rare deal for an e-commerce site targeting essentially corporate customers.
“Full-fledged Internet services available 24/7 are part of a promising trend. While investing in it, we’re supporting Itogo not only with money but also with our expertise, resources of subsidiaries,” said Denis Sitnikov, Vice President for Investments at Lanit Group.
Launched in 2018, Itogo.ru generated last year 205 million rubles in sales and 136 million rubles in net losses ($2.8 million and $1.9 million, respectively).
Source: RB.RU
