eCommerce - Tuesday, April 3, 2007
Russia's Amazon.com - OZON.ru - Raises $18M
OZON.ru has raised $18M led by Index Ventures with Holtztbrinck and Cisco.Baring Vostok Capital Partners 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. OZUN plans to use the capital to build out more distribution centers in Russia.
Today, Cisco announced that it would focus on Russian VC opportunities.
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