E-Commerce

Enter.ru CEO Sergey Rumyantsev: “Our 38,000 items are equally accessible via offline stores, virtual interfaces, catalogs, and call center.”

April 16, 2013

Dismissing the widespread cliché of Russians only being capable of cloning existing Western business models, Enter.ru is a hybrid offline/online retailer with no known equivalent in the world. Launched in early 2011, the company recorded 3.1 billion ruble in turnover the next year (approximately $100 million, including VAT), quickly asserting itself as a major player …

Enter.ru CEO Sergey Rumyantsev: “Our 38,000 items are equally accessible via offline stores, virtual interfaces, catalogs, and call center.” Read More

Russian writers urge readers to read legally

April 15, 2013

While the number of bookstores and hardcopy books is shrinking in Russia, the market for electronic books is booming. Unfortunately, most e-books in Russia are illegally consumed through pirated downloads. The online project Read Legally – Russia’s first social campaign of this kind – aims to alert readers to the harm that illegal downloads do authors and to …

Russian writers urge readers to read legally Read More

Ekaterinburg-based e-retailer e96.ru emerges as major Russian online retailer

April 9, 2013

E96.ru, an online retailer of consumer electronics and home appliances based in Ekaterinburg, claims that it generated no less that 1 billion rubles (approximately $33 million) in sales during the first quarter of 2013, up 206% from the same quarter of 2012. The future will determine how long the company will maintain this pace, but …

Ekaterinburg-based e-retailer e96.ru emerges as major Russian online retailer Read More

eBay enhances Russian version; launches first TV ad campaign

April 4, 2013

Demonstrating the growing importance of its sales in Russia – which reached $400 million last year, – eBay announced yesterday a series of enhancements to its Russian-language version as well as specific marketing initiatives. The new Russian-language functionalities encompass several key areas such as the product categories, search capabilities, and seller descriptions. Russian online shoppers …

eBay enhances Russian version; launches first TV ad campaign Read More

Sendmebox.ru raises $300,000 to build cross-border marketplace

April 4, 2013

A group of e-commerce entrepreneurs from Rostov-on-Don in southern Russia has secured $300,000 in equity investment – including $200,000 from the Moscow Seed Fund and $100,000 from angel investor Andrei Golovin – to launch Sendmebox, a platform to help Russian online customers shopping on foreign sites. A few months before site launch, the deal valued …

Sendmebox.ru raises $300,000 to build cross-border marketplace Read More

Leading French interactive agency aims to help brands develop from Paris to Moscow to Shanghai

April 2, 2013

Altima, an e-commerce-focused interactive agency established in France in 1998, is strengthening its presence in China and making its first steps on the Russian market through the acquisition of THEM, an independent agency operating in Beijing, Shanghai, and Moscow. In addition to serving local clients, Altima will help companies launch their digital and e-commerce activity across …

Leading French interactive agency aims to help brands develop from Paris to Moscow to Shanghai Read More

Siberian startup supported by Western and Russian investors to trade “interesting and unusual things”

April 1, 2013

Kima Ventures, the fund started by prominent French tech entrepreneurs Jérémie Berrebi and Xavier Niel, along with angel investors Fabrice Grinda, Jose Marin, and Alexander Aivazov, have teamed up to invest in Martmania, an online marketplace focused on trading “interesting and unusual things.” The details of the deal have not been disclosed, but a source …

Siberian startup supported by Western and Russian investors to trade “interesting and unusual things” Read More

OZON Group reached $492 million GMV and $250 million net sales in 2012

March 28, 2013

The OZON Group, comprised of OZON.ru, O-Courier, OZON.travel, Sapato.ru and eSolutions, has today announced its financial results for the fiscal year ending December 31, 2012. The company reached $492 million GMV [1] and $250 million net sales, growing by 67% and 55% respectively from the previous year. The announcement highlights the significant growth in revenue of …

OZON Group reached $492 million GMV and $250 million net sales in 2012 Read More

Online hotel booking service Ostrovok.ru raises $25 million amid fierce competition

March 27, 2013

In its pursuit of leadership in the Russian online travel market, online hotel booking service Ostrovok.ru has raised $25 million – its fourth fundraising operation in less than two years. General Catalyst Partners has led the round, with participation from Accel Partners and Russia’s Frontier Ventures as well as from Russian billionaire Yuri Milner, ex-Expedia …

Online hotel booking service Ostrovok.ru raises $25 million amid fierce competition Read More

Ecwid founder Ruslan Fazlyev: “SMBs have seen steady growth in social commerce, even as larger companies have faltered a bit.”

June 9, 2021

Tucked away some 700 km east of Moscow in Ulyanovsk, the city of Lenin’s birth, the three-year-old startup Ecwid stands as a global leader in micro e-commerce, with over 270,000 registered merchants in 174 countries. Its cloud-based shopping widget can be embedded into any webpage, blog, or page on Facebook, where Ecwid serves more than …

Ecwid founder Ruslan Fazlyev: “SMBs have seen steady growth in social commerce, even as larger companies have faltered a bit.” Read More

After central bank approval, PayPal continues its “journey” to Russia

March 19, 2013

After a week of rumors, PayPal confirmed last Friday that the Central Bank of Russia has approved its application to register as a full-fledged payment operator in Russia. Although PayPal considers Russia to offer “one of the biggest growth opportunities” for its development, it has taken no less than three years for the international payment …

After central bank approval, PayPal continues its “journey” to Russia Read More

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