OZON, often dubbed the ‘Amazon of Russia’, has acquired 100% of Sapato.ru, often dubbed the ‘Zappos of Russia’. I hope I don’t really need to remind you that Amazon acquired Zappos back in 2009.
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
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