Accel Partners, Mangrove Capital, Others Invest $20 Million in Russian Online Shopping Club KupiVIP.ru
February 1st, 2010 | by rarzi |
The online shopping club KupiVIP.ru, which is operated in Moscow by Privat Trade Ltd and organizes designer brand online sales in fashion and fashion accessories with large discounts off boutique prices, has raised $20 million in the third round of funding, KupiVIP.ru CEO Oskar Hartmann reported. The round was led by Accel Partners. Previous investors Mangrove Capital Partners, Arlan, Direct Group, and Oliver Jung also participated. KupiVIP.ru, which previously raised $11 million, has attracted the largest amount of venture capital in ecommerce venture in Russia, the company said.
KupiVIP.ru has reached over 1.3 million registered users in January 2010. The company, which organized more than 1,200 sales events with 500 brands in 2009, has over 150 employees.
KupiVIP.ru was named top Russian web startup of 2009.
Mangrove Capital is also investor in visual search engine Quintura and in-game advertising company EnterMedia.
Source:http://feedproxy.google.com/~r/quintura/comblog/~3/P2FW6RySuvA/
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