Russian online retailer OZON, popularly known as ‘Amazon of Russia’ has been given the go-ahead by the Federal Antimonopoly Service (FAS) for acquiring online shoe business Sapato.ru. Founded in 1998, OZON.ru is expected to report revenues of about USD 200 million in 2011. The retailer may use the USD 100 million it raised last September [...]

Sapato.ru the Russian online shoe retailer, comparable to Zappos, has raised USD 12 million in a new funding round. A majority of the USD 12 million came directly from Intel Capital. Previous investors such as Kinnevik, Direct Group and eVenture Capital accounted for the remaining balance. In a previous round of funding, Sapato was able [...]

In a race to see who will be the dominant online shoe retailer in Russia, newcomer Lamoda.ru has secured additional funding from three sources. Holtzbrinck Ventures, Investment AB Kinnevik, and Tengelmann Group have all contributed undisclosed amounts to the site, which is operated by KupiShoes. The new startup was originally funded by Germany’s Rocket Internet. [...]

Russian online shoe store Sapato.ru has announced a successful second round of funding with $5 million from previous investors eVenture Capital Partners, Fast Lane Ventures, and Kinnevik. The company plans to use the funding to increase their product line as well as launch a new campaign to take advantage of the $15 billion shoe industry in Russia. Plans to [...]

Germany’s eVenture Capital Partners has teamed up with Russia’s Direct Group to invest in the fledgling Sapatu.ru, an online shoe retailer just getting under way. The investment, which is believed to be in the neighbourhood of USD 1 million, is part of the partner’s goal to build Russia’s number one online shoe store in the midst of a [...]