From international sanctions to mismanagement: How went bankrupt after raising dozens of millions from international investors

Editor’s note: This post from East-West Digital News was syndicated with permission. Last month, the Russian B2C e-commerce marketplace Wikimart shut down, putting an end to a long agony. Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition to create a Russian analog of eBay. The project was […]