The acquisition of the online shoe and accessories retailer, which had been whispered about for the past few days after e-commerce giant OZON was given the go-ahead for the deal by the Federal… → Read More
Sapato.ru, a Russian online shoe retailer, this morning announced that it has secured $12 million in additional capital from Intel Capital, with existing investors Direct Group, eVenture Capital Partners and Kinnevik participating. The round brings Sapato.ru’s total of funding to approximately $20 million.
The investments will be used for expanding the assortment range, marketing and to improve… → Read More
Online footwear store Sapato.ru, which is essentially a Zappos clone, has raised $5m in a second round of funding from eVenture Capital Partners, Kinnevik and Fast Lane Ventures, all three of whom are previous backers.
The Russian startup, which was launched only as far back as June 2010, intends to use the funds to “increase assortment” and to improve its customer service in a bid to emulate… → Read More