Search Results for: oskar hartmann

Russian investors back French online freight service Convargo

November 1, 2017

Last week French startup Convargo announced that it raised a $19 million Series A round from an international pool of venture funds and business angels. Among these investors are Inventure Partners, a major Moscow-based fund, and Oskar Hartmann, a German tech entrepreneur who founded several successful Russian startups. Just months ago Inventure Partners invested $3 million in a …

Russian investors back French online freight service Convargo Read More

In 2015, KupiVIP saw its sales revenue increase by 50% and became “fully profitable”

February 19, 2016

Last year, amid the crisis that hit hardly some segments of the Russian e-commerce market, KupiVIP Group saw its gross revenue reach 16.5 billion rubles including VAT (approximately $265 million at the average 2015 exchange rate), up 50% in rubles from the previous year. Average market growth reached 16% in rubles (-28% in USD), just …

In 2015, KupiVIP saw its sales revenue increase by 50% and became “fully profitable” Read More

Russia’s venture summer in review: More than 25 deals reported, new fund of up to $300 million launched in Moscow

December 26, 2018

Venture funds with Russian capital or Russian origins were far from being inactive this summer, which saw more than two dozens of significant deals made public and several new funds and accelerators launched. The invest-abroad trend, which started a few years ago, has been accelerating recently, as witnessed by the number of deals which involved US, Israeli, Asian and Australian …

Russia’s venture summer in review: More than 25 deals reported, new fund of up to $300 million launched in Moscow Read More

CarPrice.ru raises $40 million to develop online used car brokerage in Russia and beyond

February 16, 2016

Yesterday CarPrice.ru, a major Russian online broker of used car, announced that it raised $40 million in a Series B funding round – a considerable amount in the context of contraction of the Russian venture market. The round was led by Baring Vostok Private Equity Fund V with the participation of Almaz Capital and other unnamed investors. …

CarPrice.ru raises $40 million to develop online used car brokerage in Russia and beyond Read More

KupiVIP acquires footwear retailer Sapato.ru

February 25, 2016

KupiVIP, a major Russian online fashion group, announced today the acquisition of footwear retailer Sapato.ru and its 6-million client base from the Ozon group. “The acquisition will help KupiVIP strengthen its position by significantly expanding its client base and product assortment,” KupiVIP stated. The acquirer also expects to benefit from Sapato’s “deep expertise in international purchases in …

KupiVIP acquires footwear retailer Sapato.ru Read More

Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia”

February 25, 2016

While several international investors have suspended or reduced activities in Russia, MCI, a major Polish fund, is continuing to invest in the country, among others. Its current Russia portfolio includes KupiVIP, Travelata and Oktogo. In this exchange with East-West Digital News, the fund’s managing partner Tomasz (Janusz) Czechowicz shares his vision of the Russian digital market, and …

Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia” Read More

KupiVIP general manager Vladimir Kholyaznikov: “Cross-border now exceeds 25% of our total volumes and we expect strong growth in 2015”

March 1, 2016

Launched in 2008 by Oskar Hartmann, a German entrepreneur born in the former Soviet Union, KupiVIP quickly became Russia’s leading flash sales site in the field of fashion. When the cross-border e-commerce market emerged in Russia, the company lobbied against what Hartmann called – with some justification – “duty-free e-commerce.” But KupiVIP also launched its …

KupiVIP general manager Vladimir Kholyaznikov: “Cross-border now exceeds 25% of our total volumes and we expect strong growth in 2015” Read More

KupiVIP.ru close to break-even, reports 44% year-on-year sales growth in Q4 2014

March 1, 2016

Illustrating the relative resilience of the Russian e-commerce market amid the current economic turmoil, leading flash sales platform KupiVIP.ru reported a 44% revenue increase year-on-year in Q4 2014. The company attributes this growth to consumers switching from traditional and online retail to discount-based sites. Sales also grew due to the development of the site’s cross-border …

KupiVIP.ru close to break-even, reports 44% year-on-year sales growth in Q4 2014 Read More

Almaz Capital, Fastlane Ventures and e.Venture inject $2 million in CarPrice.ru

October 28, 2014

Last week online car sales and valuation service CarPrice.ru received $2 million in seed investment. The principal investors were Almaz Capital, Fastlane Ventures, e.ventures along with several other Russian and foreign funds. The company was founded very recently, in June of this year, by Edward Gurinovich, Oskar Hartmann, Alexander Danilov and Artem Bolshakov.

New personal data storage rules to affect both foreign and domestic players – but still no “Chinese wall” surrounding Russia

March 5, 2019

Some foreign players panicked last week when they learned about the new rules adopted by the Russian parliament regarding the collection and storage of personal data – which will be allowed only on Russian territory starting from Sept. 2016. Concerns were fuelled by inflated media reports, including a Google Translate-based article that appeared on an …

New personal data storage rules to affect both foreign and domestic players – but still no “Chinese wall” surrounding Russia Read More

Yandex invests in MultiShip: A perfect match on the Russian e-commerce service scene

January 31, 2014

Yandex announced earlier this week an agreement with MultiShip, a Moscow-based startup that aggregates offers from different shipment companies to help online retailers optimize their deliveries across the country. In addition to acquiring a stake in the startup for “several millions,” the NASDAQ-listed Russian search giant has purchased MultiShip’s software platform for $1 million, with …

Yandex invests in MultiShip: A perfect match on the Russian e-commerce service scene Read More

Angel investment grew fourfold in 2013

November 19, 2014

Russia’s National Association of Business Angels (NABA), Atom Partners, a Moscow-based investment consultancy and high-tech investor, and RVC, the state-owned fund of funds dedicated to innovation, have presented the results of their 2013 business angel investing study. Tapping into a wide variety of open information sources, the partners found in their report that Russian business …

Angel investment grew fourfold in 2013 Read More

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