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April 03, 2007
Swiss CEO Garners $18M Investment Led By Index In Russia's OZON.ru
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.
OZON.ru is led by Bernard Lukey, a Swiss citizen who graduated from Université de Lausanne. Perhaps he met his Index backers back home.
OZON and Baring Vostok held a press conference in Moscow yesterday where Ozon reported sales of $53M and net income $0.6M in 2006, up 77% from 2005, and plans to grow sales by 65% in 2007. They brokedown sales as books (40%), movies on DVD/videotapes (19%), consumer electronics (19%), and others.
Today, Cisco announced that it would focus on Russian VC opportunities.
Read - $18 Million Investment to OZON.ru Led by Index Ventures
Posted on April 3, 2007 09:28 PM | Posted to eCommerce | Permalink
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