E-Commerce

Amid strong investor demand, Ozon hopes to raise up to $1 billion in US IPO

November 18, 2020

Ozon, the leading multi-category e-commerce platform in Russia, filed today an amended version of the SEC registration statement for its NASDAQ IPO. The company will go public at a valuation of $4.6 billion to $5.6 billion, Financial Times reports from unnamed sources “familiar with the plans.” This is is more twice as high as the underwriters’ initial highest estimates, …

Amid strong investor demand, Ozon hopes to raise up to $1 billion in US IPO Read More

OKS Group to invest $2.2 million in marketplace support service Upmarket

November 10, 2020

Upmarket, a service that helps e-merchants trade on marketplace, has agreed a 170 million ruble ($2.2 million) investment plan with OKS Group. The investor may get a 31% stake in the company by mid-2021, reports business daily Kommersant.  From content creation, to marketing strategy, to logistic support, Upmarket helps merchants place goods on three of Russia’s …

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Ozon files for NASDAQ IPO, aims to raise $500 million

November 6, 2020

Ozon, Russia’s leading multi-category e-commerce company, announced yesterday it has filed for an initial public offering (IPO) in the United States (see prospectus), one month after starting the registration procedure. The company intends to list its American depositary shares (ADS) on the NASDAQ. No pricing terms were disclosed, but Reuters reported that Ozon “could raise at least …

Ozon files for NASDAQ IPO, aims to raise $500 million Read More

Russian retail self-service and payment startup raises $2 million to expand across Eastern Europe

October 14, 2020

Moscow startup Briskly has raised $2 million to finance its first international projects and strengthen its positions in Russia. Sberbank executive Maxim Poletaev and Gauss Ventures, a Cayman-based fund with Russian connections, are among the investors alongside an unnamed British venture fund and another private investor. Poletaev and Gauss Ventures already put $370,000 in the …

Russian retail self-service and payment startup raises $2 million to expand across Eastern Europe Read More

US health and beauty online giant iHerb plans to invest $100 million in Russia

October 16, 2020

iHerb, one of the most successful international e-commerce companies in Russia, is planning to invest some $100 million in this country in the next two years.  These investments are aimed to “improve the Russian customer services, support and expand product export by Russian manufacturers, [develop] partnerships with Russian logistics companies, expand in-house technology development center operations, and build …

US health and beauty online giant iHerb plans to invest $100 million in Russia Read More

Russian digital majors Ozon and ivi.ru plot US IPOs

October 5, 2020

Ozon, Russia’s leading multi-category e-commerce company, aims to go public later this year or in early 2021, the company announced Friday, and has started the registration procedure for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). The company did not provide any details on the potential placement but, according to …

Russian digital majors Ozon and ivi.ru plot US IPOs Read More

Russian retail giant X5 uses advanced speech technologies to automate call centers

October 2, 2020

X5 Retail Group, a leading Russian food retailer, is deploying a robotic telephone platform based on advanced speech technologies. Used to handle incoming calls and make outgoing calls without human intervention, the group’s new voice assistants simulate dialogue with customers and help resolve their issues.  “After the caller formulates a question, the bot uses complex machine learning algorithms and accumulated data to identify the …

Russian retail giant X5 uses advanced speech technologies to automate call centers Read More

Deliver, the European rendez-vous for logistics (online event, Oct. 8-9)

September 25, 2020

‘Deliver,’ a major international event on e-commerce and logistics, will take place this year in a fully online format, attratcing participants from all parts of the world. An unprecedented league of 600 decision-makers in retail and logistics will participate. This year, 12 different themes will be addressed during the four Retail Leaders Masterclasses: Automation, Omnichannel, Sustainability, Resilience, Community, Business Model, Customer …

Deliver, the European rendez-vous for logistics (online event, Oct. 8-9) Read More

Russian e-commerce leader Wildberries launches in Ukraine

September 24, 2020

On September 21 Wildberries, the number one retailer in Russia, launched sales in Ukraine. Customers can order goods with free delivery in the wildberries.ua online store as well as through the iOS mobile application. An Android app will be launched shortly. In addition to Russia and Ukraine, the company operates commercially in six countries: Belarus, …

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Average order value on AliExpress Russia doubles in 2020

September 23, 2020

AliExpress Russia and Tinkoff Oplata, a merchant acquiring service, took a close look at online orders made through the platform in Russia in 2019–2020. The study is based on the analysis of transaction data from 6.5 million Russian bank cards processed by Tinkoff Payment as well as AliExpress customer data.   During the first eight months of …

Average order value on AliExpress Russia doubles in 2020 Read More

Russian e-commerce major Ozon posts record turnover growth as pandemic fuelled online shopping in Q2 2020

September 14, 2020

Last week Russia’s leading multi-category e-commerce platform, Ozon Group, announced its turnover rose to a record in the second quarter, as the global pandemic spurred more people to shop online. Turnover, or gross merchandise value (GMV), surged 188% year on year to 45.8 billion rubles ($611 million) in Q2 2020, Ozon said in a statement. In …

Russian e-commerce major Ozon posts record turnover growth as pandemic fuelled online shopping in Q2 2020 Read More

Russian 3D scan provider secures $1.5 million to “digitize the entire planet”

September 4, 2020

Two major Russian corporate funds, Rusnano Sistema and the IIDF, have just announced an investment in Texel, a startup which has designed an advanced 3D scan technology. The capital injection, which amounts to 110 million rubles, or $1.46 million at the current exchange rate, will be used to boost Texel’s international expansion. Over the past two years, …

Russian 3D scan provider secures $1.5 million to “digitize the entire planet” Read More

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