Russia’s Largest eCommerce Site Raises $18m

OZON.ru has raised $18M led by Index Ventures with Holtztbrinck and Cisco. Baring Vostok, a private equity investor, did a $3M acquisition in 2000 of a controlling stake in OZON.ru. OZON.ru claims to be Russia’s largest eCommerce site. It sell books, CDs, DVDs, software, games, electronic products, etc. It says that it delivers more than 3K orders per day. OZON plans to use the capital to build out more distribution centers in Russia.

If you think the Russian eCommerce market is new, take a glance at CISCO’s announcement from Tuesday that they would focus on Russian Venture Capitalism opportunities.

Originally posted on Wednesday, April 4th, 2007
Search Marketing, Venture Capitalism, Marketing, Social Media, Brand Management, Russian Marketing.