WomanJournal.ru Investor Direct Group Acquires Stake in KupiVIP.ru
June 23rd, 2009 | by rarzi |
Direct Group, that not long ago sold the Russian mail sequence commercial operation Na Dom to Otto Group of Germany, has invested $1 million in sell for the 10 percent interest in online offered bar KupiVIP.ru, according to KupiVIP.ru CEO Oskar Hartmann. KupiVIP.ru financier Nikolay Mitushin of ABRT Fund reliable the investment.
As partial of the deal, Direct Group CEO Pascal Clément will stick on KupiVIP.ru’s Board. Direct Group, that sole the infancy interest in “Russia’s Amazon” Ozon.ru to Baring Vostok Capital Partners in late 2006, shall move the imagination in stretch offered as well as logistics to KupiVIP.ru.
The Russian engineer clothes, boots as well as accessories marketplace is valued during $5 billion per year, of that KupiVIP.ru aims to constraint 3 percent over the subsequent couple of years as well as strech annual sales of $150 million.
Founded in 2008, KupiVIP.ru formerly lifted $11 million in dual appropriation rounds from Mangrove Capital Partners, Arlan as well as ABRT Fund. The online offered bar has some-more than 500,000 purebred users. Its stream monthly sales surpass $1 million.
Founded in 1996, Direct Group is the personality in marketplace enlargement services in Russia. It owns the infancy interest in heading Russian women-centric site WomanJournal.ru, that raised EUR 6 million from French VC investors final summer.
Source : http://feedproxy.google.com/~r/quintura/comblog/~3/WbiFRWdEXRI/
