E-Commerce

Russian digital shopping app JOOM targets France in challenge to Amazon

July 13, 2019

The e-commerce marketplace JOOM, whose mobile shopping app sells products from China at cut-rate prices directly to buyers, is recruiting French brands to bolster its merchant roster in a market it sees as key to cracking Europe and taking on Amazon.  Launched in 2016, the Russia-based company currently offers some 10 million mostly chinese-made products …

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Introverted, daring, and very rich: Meet Tatyana Bakalchuk, half of Russia’s woman-billionaire population

July 13, 2019

In the spring of 2004, school teacher Tatyana Bakalchuk and her husband Vyacheslav, a radiophysicist, realized they weren’t earning enough money to provide for their infant son. So they decided to launch an online clothing store. Fond of brightly colored clothes, Bakalchuk named her business “Wildberries.” She was the company’s first customer, and she used …

Introverted, daring, and very rich: Meet Tatyana Bakalchuk, half of Russia’s woman-billionaire population Read More

Russian e-commerce research: Market analysis, operational challenges, players’ strategies

July 13, 2019

International brands and retailers selling to Russia, or considering doing so, are invited to participate in an online survey. They will receive the research report free of charge upon release. While Russian e-commerce is entering a promising development cycle, information about this market is hardly available to international audiences. Not only is the topic rarely …

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Ingenico’s new solution aims to process cross-border payments from Russia more easily

July 13, 2019

Last month Ingenico Group, a global leader in seamless payment, launched a domestic processing and cross-border settlement offer to make easier international payments involving Russian online consumers. The offer is intended for international merchants without a Russian legal entity to avoid the cross-border transaction fees that are imposed by acquiring banks outside of Russia. As …

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Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly

November 12, 2020

Moscow-based grocery delivery service Golama has attracted 150 million ruble (approximately $2.3 million) in equity funding from an unnamed individual investor, according to media reports. The funding will be spent on expanding Golama’s network of partners, which include retail chains and stores, and its goods and services offer. Golama told Russian online tech resource Rusbase …

Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly Read More

Russian business analytics startup raises $4 million to expand internationally

July 13, 2019

iTech Fund II and Skolkovo Digital (two funds managed by iTech Capital and Skolkovo Ventures, respectively), have jointly invested $4 million in Roistat, a Russian business analytics startup. The deal was reported by Rusbase, which cites exchanges with iTech Capital. Its terms were not disclosed. Founded in 2014 by German Gavrilov and Evgeniy Udodov, Roistat …

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UK store data solution provider BeMyEye acquires Russian StreetBee

July 13, 2019

BeMyEye, a UK-based provider of “crowdsourced perfect store data,” has acquired StreetBee, a Russian startup that has developed fast data collection and processing solutions for retail. The terms of what seems to be an all-stock deal have not been disclosed, but an unnamed source told Russian business daily Kommersant that StreetBee’s shareholders will receive a …

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Ozon launches user-to-supplier loan platform

July 13, 2019

Ozon.ru, a leading Russian online retailer, is testing a service that will allow customers to grant loans to small and medium businesses among Ozon’s 2,000+ suppliers. The new service, dubbed ‘Ozon.Invest,’ was presented on December 21. It will start operating “in the beginning of 2019,” according to its website. As reported by the business daily …

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With 40% of e-merchants’ sales revenues, Russian social commerce generates $9 billion yearly

February 4, 2019

No less than 39 million buyers and 22 million sellers – both companies (B2C) and individuals (C2C) – are involved in social commerce, according to a study released last month by Yandex.Checkout and Data Insight. The research reveals the importance of social channels in the Russian e-commerce space, accounting for no less than 40% of …

With 40% of e-merchants’ sales revenues, Russian social commerce generates $9 billion yearly Read More

Yandex and Sberbank launch two marketplaces, aim for e-commerce leadership

October 9, 2019

As the Russian e-commerce market is entering a new growth and concentration cycle, the joint venture formed by Yandex and Sberbank, launched two online marketplaces over the past few weeks. One of them, dubbed ‘Beru’ (“I’ll take it”), became fully operational in early November, after five months of beta testing. The platform features “over 1,000 retailers and …

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Odnoklassniki launches marketplace in Kazakhstan

December 8, 2018

Odnoklassniki (OK), a major Russian language social network owned by Mail.Ru Group, has launched a marketplace in Kazakhstan in a bid to challenge Chinese and US global e-commerce giants. The OK marketplace intends to make available no less than 30 million items, including fashion items, electronics goods, home appliances, cosmetics, car spare parts and other …

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Report: 9 Russians in 10 have bought online in the last 10 years

November 30, 2018

According to research conducted by the global market research company Nielsen, 90% of Russians have made at least one online purchase in the last ten years as a result of a growing consumer trust in online stores. The range of goods that Russians buy online has expanded. The majority of online customers have purchased clothing (52%), …

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