July 2nd, 2010

Mangrove backs Russian beauty coupon site Beaucoup.ru

VC firm Mangrove Capital Partners has invested in Beaucoup.ru, a group purchasing site for all things health and beauty. The word comes from Yakov on the Quintura blog (Mangrove has also backed Quintura).

According to Yakov, the deal size is approximately $1 million, and Direct Group and Global Buying Group reportedly also chipped in. → Read More

January 18th, 2010

Russian online shopping club KupiVIP.ru scores $20 million in funding

Private online shopping clubs are springing up like mushrooms all around the world in light of the successes companies like Vente Privée has been seeing, and venture capital firms are increasingly starting to invest in companies who are bringing the concept to specific niches or introducing the private online sales model to interesting geographical markets.

In the latter category falls Russian → Read More