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Russian e-commerce platform Ozon lands $150 million to rival Amazon

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 […]

Maelle Gavet steps down as CEO of Russian online retail giant OZON

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 […]