KupiVIP Secures $55m Funding To Become The Amazon Of Russia
The site will use the funding to move into selling consumer goods as continuing with discount offers, mashing up Amazon’s and Vente Privee’s model. A white label platform will act as a way for Western retail brands to launch stores in Russia and the former Soviet states. This will be useful. Western firms have found it very hard to break into the Russian ecommerce market. 11 out of the 15 top internet sites are Russian.