Europe, the world’s largest e-commerce market, still offers too rare opportunities for professionals to meet at international level. Because well executed logistics strategies play a key role in e-retailers’ success, the time has come to give to e-Logistics the place it deserves in a dedicated high level event for European leaders. Deliver One, the European …
Ozon.ru, one of the most established Russian online retailers, — sometimes dubbed, with some exaggeration, ‘the Russian Amazon,’ — saw its sales grow by 20% year-on-year in the first seven months of 2016. The figure was disclosed by Danny Perekalsky, the site’s CEO, in exchanges with Rambler News Service (RNS) and East-West Digital News. “We’re satisfied with …
Ozon not profitable yet, but expects fast growth and still considers Western IPO Read More
Earlier this month Vostok New Ventures, an invesment company listed on Nasdaq Stockholm (formerly known as Vostok Nafta Investment), has injected an additional $2.5 million in Moscow-based online travel agency Onetwotrip.com. This transaction was announced in the company’s H1 2016 activity report, which was published last week. The Swedish fund had already invested $4 million in …
Swedish fund Vostok New Ventures injects $2.5 million in Moscow-based OTA Onetwotrip Read More
Now Russian Yves Saint Laurent aficionados may purchase perfumes and cosmetics in the brand’s official online boutique, which was launched last month. Four other mono-brand e-boutiques — Lancôme, Urban Decay, Kiehl’s and Clarisonic — have also been launched recently; another one for Armani will be online by the end of this year, Ekaterina Golovanova of L’Oréal Luxe said in …
L’Oréal Group launches mono-brand e-commerce sites in Russia Read More
Russia’s Federal Anti-monopoly Service (FAS) has filed a case against US tech giant Apple on allegations of price-fixing. A number of retailers are continuing to sell the iPhone 6S, 6S Plus, and other models at the same price as when the phones were released in October 2015, the FAS claim. Some 16 Russian companies are alleged to be involved in the case, including MTS, M.Video, Beeline, Eldorado, Euroset, Media …
Russia files case against Apple on allegations of price-fixing Read More
QwikCilver, a Bangalore, India-based provider of gifting card solutions, has raised $10 million in a new round of funding led by Russian fund Sistema Asia Fund, reports The Economic Times. Previous investors in QwikCilver — including Amazon Asia-Pacific, Accel India and Helion Venture Partners — also participated in the round, but their respective contributions has not been …
Sistema Asia Fund invests in Indian gifting card startup Read More
Data Insight, a reputable Moscow-based research agency, and Ruward, a publisher of industry rankings, have just published the 2016 “E-Commerce Index TOP-100.” This index ranks Russian e-commerce sites by sales volumes, number of orders, average order value and other criteria, over the course of 2015. Leading the ranking is Ulmart, a St. Petersburg based online retailer which has …
Ru-Net, the venture fund of Russian billionaire Leonid Boguslavsky, did not spend a single dollar to acquire Groupon Russia in April of this year, Interfax wrote last week, citing Groupon official information. This acquisition took place in April. Ru-Net intends to “stimulate the company’s growth and make it more profitable” with plans to develop across Russian regions …
Groupon Russia sold to Ru-Net for free, renamed ‘Frendi’ Read More
The Paypers, a major news and research agency covering the international payments industry, has just released the 2016 edition of its Ecommerce Payment Methods Report. An educational overview of the global payments industry, this report’s focuses on providing a framework for an easy understanding of the mechanism behind card-based and alternative payments within the wider standpoint of …
New report highlights latest trends in global payment and e-commerce industries Read More
Russian search giant Yandex and private equity fund Baring Vostok Capital Partners have invested $5.5 million in DOC+, acquiring a minority stake in the company. The deal was revealed last week by Russian business publication RBC, based on exchanges with the startup’s co-founder Victor Belogub, and confirmed by the investors. The deal was led by Baring Vostok. …
Yandex and Baring Vostok invest $5.5 million in house-call doctor service Read More
Earlier this month Moscow-based food delivery startup Chefmarket.ru secured $1.3 million in a funding round led by Mitsui with participation from existing investors, including QIWI co-founder Andrey Romanenko and Russian venture fund AddVenture. The startup aims to reach a $100 million revenue target in 2018. Chefmarket offers home delivery of food products based on recipes from renowned …
Mitsui invests in Russian food delivery startup Chefmarket Read More
SimilarWeb, a major global web and mobile traffic data provider, has just released a report about the recent rends in Russian traffic to shopping websites. Among the key findings: The share of Russia’s mobile web shopping traffic seriously lags behind retail traffic in U.K. and Germany, and is more on par with France. Organic search is a key traffic driver for …
SimilarWeb report unveils Russia’s latest online shopping trends Read More
