Russian e-commerce platform Ozon has raised $50 million from US-based VC Princeville Capital, plus $100 million from existing investors Baring Vostok Capital Partners and Sistema. The round of financing is a convertible loan that can be turned into equity. “The Russian e-commerce market is experiencing significant growth driven by the increasing penetration of online sales […]
On Monday, I interviewed Maelle Gavet, the French-born chief executive of Russian e-commerce group OZON on stage at the 4YFN conference in Barcelona. I’m not entirely sure one has to do with another, but the company this morning announced that Gavet is moving on from OZON after 4 years at the helm. Although Gavet will […]
Ozon, Russia’s largest e-commerce company, recently raised $150 million in funding at a $700 million valuation. We asked CEO Maëlle Gavet about the monster financing round and Ozon’s plans.
Ozon, Russia’s largest e-commerce company, has raised $150 million in funding from diversified holding company Sistema and its mobile carrier subsidiary MTS (as expected). Under the agreement, both Sistema and MTS have invested $75 million for a 10.8% stake each, valuing the business at roughly $700 million. Both companies get a seat on Ozon’s board […]