Funding

A Huge Russian Ecommerce Company Just Raised $150 Million

Apparently Russians are as addicted to online shopping as we are.
Online shopping in Russia. (Screengrab: Sapato.ru)

Online shopping in Russia. (Screengrab: Sapato.ru)

Russia’s leading ecommerce company, OZON Holdings, announced today that they’ve just raised $150 million.

The funding was led by Sistema, a Russian diversified holding company, and Mobile Telesystems, a Russian telecommunications provider. Each reportedly traded in $75 million for a 10.8 percent stake in the company. The massive funding round has set a new record for the largest single investment in a Russian ecommerce company, the press release claims.

Morgan Stanley acted as an exclusive financial advisor to OZON Group, the release also notes.

OZON Holdings comprises five companies, each focusing on a different area of ecommerce. There’s OZON.ru, OZON.travel, O-Courier, Sapato.ru and OZON Solutions — the company compares them, respectively, to Amazon, Expedia, FedEx, Zappos and GSI.

In the future, OZON CEO Maelle Gavet plans to continue drawing more and more companies under OZON’s massive umbrella.

“We are proud to welcome our newest investors, Sistema and MTS,” she said in the release. “Together with our new partners we will seek to further develop our delivery system while keeping our eyes open to potential acquisitions and global partnerships to further enhance the business, ultimately better serving our customers.”

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