E-Commerce

KupiVip.ru shareholders to invest $50 million in new online fashion retailer

March 20, 2012

The shareholders of KupiVip.ru, Russia’s leading fashion flash sales site, intend to invest no less than $50 million in Shoptime.ru, an online fashion items and accessories retailer that launched in test mode earlier this year. In contrast to the discounted flash sales model used by KupiVip.ru, this new site offers a permanent assortment of new …

KupiVip.ru shareholders to invest $50 million in new online fashion retailer Read More

The Spring of Russian E-Commerce: An Exclusive Global Perspectives Series

March 19, 2012

In light of the fast development of e-commerce in Russia, this spring East-West Digital News and its partners are offering an exclusive series of articles and interviews with fascinating insights into this market, one that’s still little known among most foreign players. Starting with an interview with Travelmenu.ru’s new CEO Katrin Buckenmaier, the series is made …

The Spring of Russian E-Commerce: An Exclusive Global Perspectives Series Read More

Travelmenu CEO Katrin Buckenmaier: “The Russian online outbound travel market is expected to grow ten-fold by 2015”

March 19, 2012

Launched in 2009 as a hotel booking engine for travel agents in Russia and Ukraine, Travelmenu.ru has grown into a major online retailer of package tours, a segment that represents more than 85% of the total outbound travel market in Russia. The site has served more than 250,000 travelers to date. Travelmenu has just announced it …

Travelmenu CEO Katrin Buckenmaier: “The Russian online outbound travel market is expected to grow ten-fold by 2015” Read More

Travelmenu’s video parody of Medvedev generated 6 million views in 3 months

March 19, 2012

Travelmenu.ru, a Russian online travel startup specializing in package tours, took advantage of the Russian winter holiday season to increase its brand awareness using a bold parody of President Medvedev’s New Year’s greetings. Released on December 19, the humorous video features the Russian President’s traditional greetings to the nation, revealing a behind-the-scene sea, sex and …

Travelmenu’s video parody of Medvedev generated 6 million views in 3 months Read More

Tiger Global leads $30 million round for online marketplace Wikimart.ru

March 19, 2012

The Russian online marketplace Wikimart.ru has secured a $30 million round of financing – the third one since the startup’s inception in 2008 – with Tiger Global Management contributing $18 million and the remaining $12 million coming from an undiclosed Russian investor. The startup’s previous valuation amounted to $50 million, which corresponds to its estimated …

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Dreaming of an overseas vacation? Need new furniture? Check out phone retailer Svyaznoy

February 27, 2012

In a bid to diversify and assert itself on the fast growing Russian e-commerce market, major mobile retailer Svyaznoy is now catering to travelers and selling furniture and jewelry online. Its most recent project, one the company positions as a ‘travel hypermarket’, Svyaznoy Travel, aims to incorporate both online and offline formats for all travel …

Dreaming of an overseas vacation? Need new furniture? Check out phone retailer Svyaznoy Read More

Poland’s InPost and Russia’s Qiwi launch postbox network for parcel delivery

February 20, 2012

InPost, a Polish operator of postboxes for parcel delivery, Qiwi, the famous Russian payment operator, and iTech Capital, a Russian venture fund, are deploying a network of self-pickup points to deliver parcels from distance selling and e-commerce companies. The network, named Qiwi Post, started operating in early February with 15 locations in Moscow, nearby malls, …

Poland’s InPost and Russia’s Qiwi launch postbox network for parcel delivery Read More

Yandex e-currency enables fund transfers to Visa and MasterCard accounts

February 17, 2012

The users of Yandex.Dengi, which translates to Yandex.Money, can now transfer funds from their Yandex electronic currency accounts to any bank account with a Visa or MasterCard card. Funds can be transferred to the user’s own account or to any other account of their choice, the Russian search giant Yandex announced last week.

Ozon.ru acquires online shoe retailer Sapato.ru

February 16, 2012

Asserting its leadership in the fast-growing Russian e-commerce market, Ozon.ru confirmed yesterday the full acquisition of leading online shoe and accessory retailer Sapato.ru for an undisclosed amount, partly paid with shares. Ozon’s intentions had been revealed earlier this month when the Russian antimonopoly authorities gave their green light for the deal.

Online hotel booking service Oktogo.ru secures $10 million

February 13, 2012

Russian business daily Kommersant reported from unnamed sources on Friday that VTB Capital has taken part in a $10 million investment round in Oktogo.ru, a leading Russian online hotel booking startup. VTB Capital and Oktogo declined to comment, but the fact that VTB took part in the round was confirmed to East-West Digital News by a …

Online hotel booking service Oktogo.ru secures $10 million Read More

Airbnb co-founder Nathan Blecharczyk: “Entering a market is not just buying a local site and putting your brand on it”

December 6, 2021

After launches in a range of European, Latin American and Asian countries, Airbnb.com, the famous US online alternative accommodation service, is coming to Russia. The embryonic Airbnb Russian team is headed by Eugen Miropolski, who formerly held senior executive positions at Fast Lane Ventures, KupiVip.ru, and Groupon Russia. In an interview with EWDN chief editor …

Airbnb co-founder Nathan Blecharczyk: “Entering a market is not just buying a local site and putting your brand on it” Read More

Heverest.ru secures new investment – from mystery financiers

February 8, 2012

Heverest.ru, a Moscow-based online retailer of sports and recreational equipment launched by Fast Lane Ventures in June 2011, has attracted a new investment of $4.3 million – just three months after securing $1.3 million in financing. The total investment in this startup now comes to $6.7 million. eVenture Capital Partners, the venture arm of the …

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